Zhongji Innolight adjusts stock vesting for incentive plan

Zhongji Innolight (SZSE:300308) has announced adjustments to its second restricted stock incentive plan, impacting the number of shares to be vested and their corresponding prices. This adjustment follows the approval of the 2023 profit distribution plan at the company's annual general meeting. The vesting price for initial grants is adjusted to CNY 17.49 per share, while for reserved grants it is adjusted to CNY 18.11 per share. As a result, the vesting quantity for initial grants has increased to 3,857,770 shares, and for reserved grants it has increased to 559,440 shares. These changes will not materially impact the company's financial standing. The company's board of supervisors has approved these adjustments, stating that they are compliant with regulatory requirements. The vested shares are scheduled to become available on the market on May 17, 2024 and May 24, 2024.