Richinfo Tech grants reserved shares under 2024 incentive plan

Richinfo Technology (SZSE:300634) announced the grant of 1 million reserved restricted shares to 51 eligible employees under its 2024 Restricted Stock Incentive Plan, effective May 30, 2025. The grant price is CNY 21 per share. The shares are classified as Class II restricted stock and will be sourced from the company's repurchased shares or newly issued A-shares. The vesting schedule is performance-based, tied to annual net profit growth and cash dividend targets for 2024-2026. Specifically, the 2024 growth target is 16%, 2025's is 34.56% and 2026's is 56.09% compared to the 2023 baseline net profit. The plan aims to incentivize employees and align their interests with the company's long-term growth. This grant brings the total number of incentivized employees to 230 and total number of restricted shares to 6 million. The proceeds from the grant will be used to replenish Richinfo's working capital.