Zhongji Innolight: Restricted stock vesting approved, shares to list

Zhongji Innolight (SZSE:300308) announced the vesting results for the third vesting period of the reserved portion of its second phase restricted stock incentive plan. A total of 559,440 shares, representing approximately 0.05% of the company's current total share capital, will be listed and become tradable on May 22, 2025. Nineteen eligible employees will receive the vested shares. The company confirmed that the vesting conditions were met, with no discrepancies from the previously disclosed incentive plan. The exercise price for the reserved portion was adjusted to CNY 18.11 per share. Proceeds from the exercise of stock options will be used to replenish the company's working capital.