China Commodities City Group's restricted stock unlocking conditions met

Zhejiang China Commodities City Group Co., Ltd. announced that the conditions for the third unlocking period of the reserved grant portion under its 2020 restricted stock incentive plan have been fulfilled. This affects 27 incentive recipients, now eligible to unlock a total of 698,700 restricted shares, representing approximately 0.013% of the company's current total share capital. The unlocking period is set to expire on November 3, 2025.

The company's performance metrics for 2023, based on 2019 figures, significantly exceeded targets. Operating revenue grew by 232.75% to 1,129,968.67 million yuan, surpassing the 180% growth target and the 75th percentile of peer companies. Non-recurring net profit per share reached 0.46 yuan, exceeding the 0.25 yuan target and the 75th percentile of peer companies.

Additionally, main business income accounted for 96.77% of total operating revenue, higher than the 90% target. The innovative business platform, Chinagoods, achieved a GMV of over 650 bn yuan, exceeding the 500 bn yuan target. All 27 incentive recipients also achieved "good" or above in their individual performance assessments, leading to an unlocking coefficient of 1.0 for each. The company will proceed with the necessary unlocking procedures.