IKD's unallocated restricted stock incentives expire

IKD announced the expiration of 6,500 shares of reserved restricted stock under its 2024 sixth restricted stock incentive plan. This occurred because the company failed to identify incentive recipients within 12 months after the plan was approved by the third extraordinary general meeting in 2024. The plan stipulated that reserved incentives would become void if beneficiaries were not designated within this timeframe.

The company's sixth restricted stock incentive plan, approved on November 19, 2024, included provisions for both initial and reserved grants. While initial grants and several rounds of reserved grants were successfully processed, a final portion remained unallocated, leading to its expiration. For instance, the company registered 264,000 shares for 12 incentive recipients on June 4, 2025, and an additional 220,500 shares for 25 recipients on September 29, 2025, from the reserved pool.

Despite successful grants and adjustments to the repurchase price from 7.15 yuan per share to 6.85 yuan per share, and the repurchase and cancellation of 109,000 shares from 30 resigned employees, the remaining 6,500 reserved shares were not allocated, leading to their forfeiture as of the announcement date.