UCloud Technology approves restricted stock incentive plan

UCloud Technology Co., Ltd. announced on October 17, 2025, that its board of directors, at a meeting held on October 16, 2025, approved the initial grant of restricted shares under its 2025 incentive plan. The company will grant 1.505 million restricted shares at a price of 22 yuan per share to 18 eligible employees, effective October 16, 2025. This initial grant represents approximately 0.33% of the company’s total share capital.

The plan, which received shareholder approval on October 15, 2025, sets total projected expenses for the restricted stock at 7.9238 million yuan, to be amortized over three years. Estimated expenses are 1.4185 million yuan for 2025, 4.8179 million yuan for 2026, and 1.6875 million yuan for 2027. The shares will vest in two equal tranches: 50% after 12 months and the remaining 50% after 24 months, starting from the grant date.

The board confirmed that both UCloud Technology and the selected beneficiaries meet all specified conditions for the grant, ensuring compliance with relevant laws and regulations. The plan is designed to enhance employee cohesion, team stability, and overall operational efficiency.