Gigadevice Semiconductor completes fourth stock option exercise, raises capital

Gigadevice Semiconductor (SSE:603986) announced the results of the fourth exercise period for its 2021 stock option and restricted stock incentive plan, with 571,379 new shares to be listed for circulation on November 21, 2025. These shares, acquired via a private placement, account for 0.0856% of the company's current total share capital. A total of 282 employees participated in the exercise.

The company received CNY 106,242,211.26 from these exercises, with CNY 571,379.00 allocated to share capital and CNY 105,670,832.26 to capital reserves. This influx of capital will be utilized to supplement working capital. Post-exercise, the company's total share capital will increase to 667,849,351 shares.

While the new shares will dilute basic earnings per share, based on the company's Q3 2025 net profit of CNY 1.083 bn and basic earnings per share of CNY 1.64, the company expects no significant impact on its overall financial condition or operating results. The company's actual control remains unchanged after the exercise.