Neway Valve greenlights first restricted stock release

Suzhou Neway Valve Co., Ltd. has announced that 225,297 shares from the reserved grant portion of its 2023 restricted stock incentive plan will become unrestricted and available for listing on November 18, 2025. This constitutes the first restricted sales period, with the total number of shares to be listed matching the total number of shares to be unrestricted. The company's board of directors and supervisors approved this action, confirming that the performance conditions for this period have been met.

The company's 2024 net profit attributable to shareholders was CNY 1,155,577,730.06, representing a 147.92% increase compared to 2022, exceeding the required 58% growth target. Individual performance assessments for the 12 eligible grantees resulted in nine individuals achieving a 100% unrestricted release and three individuals achieving a 90% release. The 4,210 shares from the latter group that remain restricted will be repurchased and cancelled by the company.

Following this release, the total number of restricted shares will decrease by 225,297 to 20,610,937, while unrestricted shares will increase by 225,297 to 754,915,190. The total share capital of 775,526,127 remains unchanged.