Changan Auto to release restricted shares on March 5
Chongqing Changan Automobile (SZSE: 000625) announced the upcoming release of restricted A-shares from its incentive plan. A total of 41,323,353 shares, representing 0.4168% of the company's total share capital, will become tradable on March 5, 2025. This release involves 1,118 eligible employees from the company's first A-share restricted stock incentive plan. The company confirmed that all conditions for the release have been met, including achievement of the company's performance targets. In 2023, Changan achieved a net profit compound annual growth rate of 59.16% compared to 2019, surpassing the target and a net asset yield of 17.08%. The company's board of directors approved the share release on February 21, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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