Anhui Julong to adjust stock incentive plan grant price

Anhui Julong Transmission Technology (SZSE:300475) announced an adjustment to the grant price of its 2024 restricted stock incentive plan, as resolved at its April 24, 2025 board and supervisory committee meetings. The adjustment follows the company's 2024 profit distribution proposal of a cash dividend of CNY0.58 per 10 shares, subject to shareholder approval. Consequent to this distribution the initial grant price has been revised to CNY16.076 per share and for the reserved grant to CNY13.352 per share. The company also approved the first vesting of restricted shares to 25 eligible recipients. The company's board has determined that all vesting conditions have been met for the incentive plan participants and a law firm has reviewed and approved the vesting and incentive changes.