Gigadevice unlocks restricted stock, greenlights Hong Kong listing

Gigadevice Semiconductor (Beijing) Inc. announced that the conditions for the fourth restricted stock unlock of its 2021 stock option and restricted stock incentive plan have been met for the deferred grant portion. This allows one incentive object to unlock 34,650 shares, representing 0.0052% of the company's total share capital, with a circulation date set for December 22, 2025. The company's 2024 operating revenue growth of 121.89% against the 2018-2020 average of 331,519.94 million yuan satisfied the performance targets.

In conjunction, Gigadevice's board of directors, at its meeting on December 16, 2025, approved the H-share global offering and listing on the Hong Kong Stock Exchange. The board also agreed to revise the company's articles of association and authorized management to handle related matters.

Beijing Zhonglun (Shenzhen) Law Firm issued a legal opinion confirming that the conditions for the fourth restricted stock unlock have been fully satisfied and that all necessary approvals and authorizations are in place, aligning with regulatory requirements and the company's articles of association.