Wuxi Lead Intelligent vests shares under 2023 incentive plan

Wuxi Lead Intelligent Equipment (SZSE:300450) has announced the results of the first vesting period of its 2023 restricted stock incentive plan, with shares becoming available for trading on June 20, 2025. A total of 121,200 shares, representing 0.0077% of the company's total share capital before vesting, were vested at a price of CNY 13.63 per share to 29 eligible employees. The company stated that these shares are from repurchased shares and that they are immediately tradable. The vesting comes after the company met pre-defined performance targets, including a revenue growth rate of at least 65% compared to 2021, with net profit margins exceeding 20% in 2023.