Vantone Real Estate launches restricted stock plan, targets AI growth

Beijing Vantone Real Estate announced its 2025 Restricted Stock Incentive Plan, allocating 94,520,624 restricted shares, representing 5% of the company's total share capital. The initial grant comprises 79,397,324 shares (4.2% of total share capital) to 106 core management and technical/business personnel of Beijing Shudu Information Technology Co., a controlled subsidiary, with an additional 15,123,300 shares (0.8% of total share capital) reserved for future grants. The grant price is set at CNY 6.25 per share.

The plan emphasizes strengthening the company’s AI computing infrastructure segment, driven by PCIe5.0/6.0 switch chips. The unblocking periods for the restricted shares are set at 12, 24, and 36 months from the registration date, with release ratios of 40%, 30%, and 30% for each period, respectively. Performance assessment will be based on Beijing Shudu Information Technology Co.'s product development progress and annual operating income, with specific revenue targets of CNY 600m, CNY 1.2bn, and CNY 1.6bn for 2026, 2027, and 2028, respectively.

In a related development, the company will abolish its board of supervisors and transfer its functions to the audit and risk control committee of the board of directors, necessitating revisions to the company charter and articles of association. This change is pending approval at the shareholders’ meeting. The incentive plan is designed to attract and retain key talent, fostering innovation and market competitiveness for Beijing Shudu Information Technology Co.