Yunda Tech cancels 3.5m unvested restricted shares

Chengdu Yunda Technology (SZSE:300440) announced the cancellation of 3.508 million Class II restricted shares that were previously granted but remain unvested. The decision, approved by the board on June 17, 2025, is attributed to two primary factors. First, 394,000 shares are being cancelled due to the departure of certain incentive recipients who no longer qualify. This includes 201,000 shares from seven initial grantees and 193,000 shares from three reserved grantees. The remaining 3.114 million shares are being cancelled because the company did not meet its performance targets for the year 2024, impacting 2.7105 million shares initially granted to 136 employees and 403,500 shares reserved for 19 employees. The company stated that the cancellation will not materially impact its financial condition, operations, or management stability.