Aiko Solar finalizes 2025 restricted stock grant registration

Shanghai Aiko Solar Energy Co., Ltd. announced the completion of registration for 3.9345 million reserved restricted shares under its 2025 Restricted Stock and Stock Option Incentive Plan. The shares were granted on September 26, 2025, at a price of CNY 5.68 per share to 75 individuals, including the board secretary and core technical personnel. The total value of the restricted stock recognized was CNY 22.34796 million, funded by the company's repurchased A-shares.

The registration process, completed on November 17, 2025, involved a slight adjustment from the initial planned 3.9825 million shares. This was due to one participant foregoing their contribution, resulting in a reduction of 48,000 shares and one fewer recipient. These restricted shares will be subject to lock-up periods of 12, 24, and 36 months, with release ratios of 50%, 30%, and 20% respectively.

The company estimates this incentive plan will incur share-based payment expenses totaling CNY 38.5188 million, to be amortized across four years. The projected expenses are CNY 6.9013 million for 2025, CNY 22.7903 million for 2026, CNY 6.9013 million for 2027, and CNY 1.9259 million for 2028. The funds raised from this issuance will be used to supplement the company's working capital.