Megmeet completes registration of 2025 restricted stock incentive plan

Shenzhen Megmeet Electrical Co., Ltd. (SZSE:002851) announced the completion of the registration for the grant of its 2025 restricted stock incentive plan. The grant date was June 17, 2025, with the registration finalized on July 2, 2025. A total of 3.089 million shares were granted at a price of CNY 22.97 per share to 240 eligible participants. The shares were sourced from the company's repurchased A-shares. The incentive plan aims to align employee interests with company performance, with vesting contingent on achieving specific financial targets for revenue and net profit growth in the years 2025-2027. The company anticipates recognizing approximately CNY 45.5438 million in total costs associated with the plan, to be amortized over the vesting period.