Giantec Semiconductor shareholder reduces stake, company launches restricted stock plan

Giantec Semiconductor Corporation announced that its shareholder, Wuhan Luojiaotong Wutong Emerging Industry Investment Fund Partnership (Limited Partnership), completed its share reduction plan. Wuhan Luojiaotong, together with its concerted parties, reduced their combined stake from 25.00% to 23.72%. Wuhan Luojiaotong itself offloaded 4,124,125 shares (2.61% of total share capital) through block trades and centralized bidding between October 10, 2025, and October 22, 2025, for a total of CNY 604,665,808.87.

Concurrently, Giantec Semiconductor is implementing its 2025 Restricted Stock Incentive Plan. On October 22, 2025, the company granted a total of 174.70 million restricted shares at CNY 48.00 per share. This includes an initial grant of 161.20 million shares to 56 employees and a reserved grant of 13.50 million shares to 16 employees. The incentive plan is designed to motivate management and technical teams, with vesting periods ranging from 12 to 60 months.

The estimated total cost for the restricted stock incentive plan is CNY 18,699.32 million, which will be expensed over several years. The company projects these costs to be CNY 1,616.75 million in 2025, CNY 8,929.34 million in 2026, CNY 4,685.31 million in 2027, CNY 2,483.82 million in 2028, and CNY 984.10 million in 2029.