Accelink Tech: Restricted stock release conditions met

Wuhan Accelink Technologies Co., Ltd. (SZSE:002281) announced that the conditions for lifting the sales restriction on the first tranche of restricted stocks granted under its 2022 incentive plan have been met. Approximately 6,453,200 shares, representing 0.7998% of the company's total share capital, will be released to 713 eligible employees. The shares were granted on June 21, 2023, with the first release period beginning on June 21, 2025. The release is contingent upon meeting specific performance targets, including a net profit compound growth rate of at least 6% from a 2021 base, a net asset yield of at least 8.9% for 2023, and new product sales accounting for at least 21% of total revenue. All conditions have been verified and are met. Accelink will issue further announcements before the shares are officially listed and tradable.