CIG Shanghai's stock option exercise boosts share capital 2.19%

CIG Shanghai announced that 743 employees exercised stock options, resulting in 7,568,532 new shares listing on November 26, 2025. These shares, acquired through an equity incentive scheme, are all unrestricted and freely tradable. Company directors Zhang Jie and Zhao Hongwei, along with deputy general manager and CFO Cheng Gucheng, were among the participants.

The exercise of 7,568,532 stock options increased the company's total share capital from 345,081,841 to 352,650,373 shares, a 2.19% rise. The net proceeds of 220,886,261.58 yuan will supplement the company's working capital.

The company confirmed the exercise does not materially affect its financial condition, operating results, or existing equity structure, maintaining its listing eligibility. The newly issued shares were registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, on November 19, 2025.