Neway Valve greenlights second restricted stock release after strong performance

Neway Valve (Suzhou) Co., Ltd. announced the impending release and listing of 3,227,538 restricted shares from its 2023 restricted stock incentive plan. These shares, representing the second unlock period of the first grant, will commence circulation on November 26, 2025. This move follows the successful achievement of performance targets, with the 2024 net profit attributable to parent company shareholders reaching RMB 1,155,577,730.06, a 147.92% increase from the 2022 baseline, surpassing the 58% target.

The release impacts 112 incentive participants, comprising 103 individuals who achieved an 'A' performance rating, qualifying for 100% unlock, and 9 individuals with a 'B' rating, qualifying for 90%. In total, 3,227,538 shares, approximately 0.42% of the company's current total share capital, will transition from restricted to unrestricted status.

Following this release, the company’s restricted shares will decrease by 3,227,538 to 17,383,399 shares, while unrestricted shares will increase by the same amount to 758,142,728 shares. The total share capital remains unchanged at 775,526,127 shares.