Kuangda Tech releases first tranche of restricted stock

Kuangda Technology Group announced the release of 5.24 million restricted shares under its 2024 incentive plan, representing 0.3563% of the company's total share capital. The release affects seven eligible employees and will take effect on July 14, 2025. The company confirms that all necessary approvals were obtained, and conditions met, including financial performance targets. In 2024, Kuangda Technology achieved a year-on-year revenue growth of 16.35%, reaching CNY 2,098,301,394.47. Individual performance assessments were also satisfactory, allowing for a 100% release of allocated shares.