CR Sanjiu to release 3.17m restricted shares

China Resources Sanjiu Medical & Pharmaceutical (SZSE:000999) will release 3,172,332 restricted shares under its 2021 stock incentive plan on May 26, 2025. The release marks the second unlocking period for the first grant of the plan. The shares, representing 0.25% of the company's total equity, will be available to 240 eligible employees. The company confirmed that all vesting conditions had been met, including corporate performance targets for 2023 and individual performance assessments. The stock release follows previous adjustments to the incentive plan, including share cancellations and revisions to the list of eligible participants. The plan's goal is to incentivize employees and align their interests with the long-term growth of the company.