Ecovacs Robotics to unlock first restricted stock period

Ecovacs Robotics announced the unlocking and listing of 1,341,300 restricted shares, representing 0.2316% of the company's total share capital, under its 2024 stock option and restricted stock incentive plan. These shares will become unrestricted and tradable on November 7, 2025. This action follows the satisfaction of performance conditions for the first restricted period, which concluded on November 6, 2025.

The company's 2024 annual revenue of CNY 16,542,228,496.41 marked a 6.71% increase from 2023, meeting the required performance target. Additionally, 854 incentive plan participants achieved "outstanding," "excellent," or "good" individual performance ratings, qualifying for the release of their restricted shares.

The unlocked shares are part of an initial grant made to 975 incentive recipients on November 7, 2024. Certain restrictions on transfer remain for directors and senior management, limiting annual transfers to 25% of their holdings during their tenure.