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Kunlun Tech: Restricted stock vesting complete, shares to list

June 2, 2025 at 07:14 AM UTCBy FilingReader AI

Beijing Kunlun Tech (SZSE:300418) has completed the vesting of the third tranche of its 2022 restricted stock incentive plan, benefiting 61 key personnel. A total of 6.986 million shares, representing 0.56% of the company's pre-vesting total share capital, will be listed and available for trading on June 4, 2025. The issue price for shares was set at CNY 12.174 per share, as reviewed by Beijing Eastern CPA's audit report. The proceeds will be used to boost working capital. Kunlun Tech has achieved the performance goals outlined in the 2022 incentive program, with operating revenues for 2022, 2023 and 2024 reaching CNY 47.36 billion, CNY 49.15 billion and CNY 56.62 billion respectively, achieving CNY 153.13 Billion. The shares were issued via a directed share issue. Kunlun Tech confirms no material changes to its equity structure will result from the vesting, with compliance with listing requirements maintained. Shanghai Landy Law Offices issued a legal opinion confirming compliance.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:300418Shenzhen Stock Exchange

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