Cosco Shipping Tech to unlock incentive shares

COSCO SHIPPING Technology (SZSE:002401) announced that 282,880 restricted shares from its 2019 restricted stock incentive plan will be released for trading on February 19, 2025. These shares, representing 0.0761% of the company's total share capital, will be unlocked for 22 eligible employees. The initial grant date for these shares was December 29, 2020. The company confirmed that all unlocking conditions related to company performance and individual employee performance have been met. This marks the third unlocking period for the reserved granted stocks under the plan.