Inovance Tech vests shares in fifth equity incentive plan

Shenzhen Inovance Technology (SZSE:300124) announced the vesting of restricted shares granted under its fifth equity incentive plan, second grant price, third vesting period. The total number of shares vested is 1,468,350, representing approximately 0.05% of the company’s total share capital prior to the vesting. A total of 182 employees are beneficiaries. These shares will become tradable on March 6, 2025. The shares are A-shares issued by Inovance to the incentive recipients. As of today, the vesting of these restricted shares has been approved by the Shenzhen Stock Exchange, with related procedures completed. The funds raised from this vesting will be used to replenish the company's working capital. Post-vesting, Inovance's total share capital will increase to 2,694,589,589 shares, diluting earnings per share to 1.24 yuan based on Q3 2024 results.