Baosight Software unlocks first tranche of restricted stock for employees

Shanghai Baosight Software Co., Ltd. announced the unlocking and listing of 313,632 restricted shares from the first tranche of its third phase restricted stock incentive plan's reserved portion. The shares are scheduled to begin circulating on December 29, 2025. This follows the fulfillment of performance conditions for 2023, including a net asset yield of 23.30% (exceeding the 17.3% target) and a net profit growth of 18.52% compared to 2021 (exceeding the 15% target).

The unlocking affects 21 core backbone employees whose 2023 individual performance evaluations were rated "excellent" or above. These employees will see their shares transition from restricted to unrestricted status, with the total number of restricted shares decreasing to 12,874,665 and unrestricted A-shares increasing to 2,134,054,153. The company’s total share capital remains unchanged at 2,870,778,802 shares.

Shanghai Huacheng Law Firm confirmed that all prerequisite conditions for the unlocking and listing of these shares have been met. The board of directors is authorized to proceed with the necessary procedures.