Asymchem issues restricted A-shares to incentive recipients

Asymchem Laboratories (Tianjin) [SZSE:002821] announced the first grant of restricted A-shares under its 2025 incentive plan, effective April 24, 2025. The company issued 4.896 million shares to 648 eligible recipients, including directors, senior management, and key personnel, at a price of CNY 37.52 per share. This represents 1.44% of the company's total A-share capital. The shares were sourced from Asymchem's repurchased A-shares. The grant is subject to performance targets for both revenue and net profit growth, with the possibility of repurchase and cancellation if targets are unmet. The total cost of the incentive plan is estimated at CNY 91.3669 million, to be amortized between 2025 and 2029. Funds from the issuance will be used to supplement working capital. The Company has engaged legal and financial advisors to ensure proper execution and compliance.