Chuanyi Automation unlocks second tranche of restricted shares

Chongqing Chuanyi Automation Company Limited has announced that the conditions for the second restricted share unlocking period of its 2022 restricted share incentive plan have been met. A total of 1,538,607 restricted shares, representing approximately 0.30% of the company's current total share capital, are eligible for release. This unlocking will benefit 517 incentive recipients. The company's board of directors and supervisory board approved the fulfillment of these conditions on December 8, 2025.

The shares were granted on January 9, 2023, with the second restricted period expiring on January 8, 2026. The unlocking ratio for this period is 33% of the total restricted shares granted. Of the 517 eligible recipients, 515 achieved a 100% individual performance appraisal, while 2 achieved a 90% appraisal, leading to corresponding unlocking percentages.

The company's performance metrics for 2024, including a net asset return of 15.35% (surpassing the industry average of 2.54% and peer 75th percentile of 10.17%), R&D expenditure to operating income ratio of 7.05% (exceeding the 7% target), and an Economic Value Added (EVA) improvement value greater than 0, all met the required standards.