TFC optical vests restricted stock, shares to list May 13

Suzhou TFC Optical Communication (SZSE:300394) announced the vesting of shares related to its 2023 restricted stock incentive plan. A total of 364 employees will receive 1,324,904 shares, representing 0.24% of the company's total share capital. These shares, sourced from the company's定向发行 (private placement) of A-shares to the incentive recipients, are scheduled to list and become tradable on May 13, 2025. The vesting was approved at the company's fifth board of directors and supervisory board meetings on April 17, 2025, and is in accordance with the terms of the approved incentive plan. This milestone underscores TFC Optical's commitment to incentivizing key personnel and aligning their interests with shareholder value. The issuance raised a total of CNY 35,918,147.44, of which CNY 1,324,904.00 were recorded as share capital, and CNY 34,593,243.44 as capital reserves.