UCloud Technology grants restricted shares to key staff

UCloud Technology Co., Ltd. (SSE:688158) has approved the grant of 220,000 restricted shares, representing 0.0482% of its total share capital, to three recipients under its 2025 Restricted Stock Incentive Plan (First Batch). The shares, priced at 22 yuan per share, were granted on December 17, 2025, after all prerequisite conditions were met. This decision was finalized during the ninth meeting of the third board of directors on December 17, 2025.

The incentive plan, which was approved by the company's remuneration and appraisal committee, supervisory board, and shareholders, specifies a total reserved grant of 315,000 shares. This initial grant uses 220,000 shares, leaving 95,000 shares yet to be granted. The restricted shares will vest in two equal batches over 36 months, with 50% vesting after 12 months and the remaining 50% after 24 months, subject to performance conditions.

The company estimates the total amortization expense for the granted shares to be 108.13 million yuan, with 6.45 million yuan allocated for 2025, 73.50 million yuan for 2026, and 28.18 million yuan for 2027. This move aims to enhance employee cohesion and engagement, ultimately driving operational efficiency and long-term value creation.