Kingsoft Office overhauls governance, approves restricted stock vesting

Beijing Kingsoft Office Software Co., Ltd. (Kingsoft Office) announced on October 27, 2025, a series of significant corporate governance updates and the vesting of restricted shares. The company's board of directors and supervisory board approved the removal of the supervisory board, with its functions to be assumed by the board's audit committee. This change necessitates extensive revisions to the company's Articles of Association, including updates related to the absence of a supervisory board, the introduction of employee directors, and new sections for controlling shareholders, actual controllers, independent directors, and board committees. The registered capital has been updated from yuan 46,267.4004m to yuan 46,317.9293m, reflecting recent equity registrations.

Concurrently, the third vesting period for the second class of incentive recipients under the 2022 Restricted Stock Incentive Plan has been approved. A total of 2,210 restricted shares are set to vest on October 29, 2025. The vesting follows the achievement of performance targets, with a cumulative three-year operating revenue growth rate of 313.46% (based on 2021 performance) and 100% individual performance. The exercise price for these shares has been adjusted to yuan 42.65 per share due to previous dividend distributions. These governance and incentive plan changes are subject to approval at an upcoming Extraordinary General Meeting on November 18, 2025.