Salubris Pharmaceuticals unlocks 50% of employee stock plan

Shenzhen Salubris Pharmaceuticals has unlocked 50% of shares in its Third Employee Stock Ownership Plan after the first 12-month lock-up period expired.

The unlocked portion totals 11.7 million shares, representing 1.05% of total share capital. The shares were originally transferred at 25.66 yuan each in July 2024.

The remaining shares will unlock in two further tranches: 30% after 24 months and 20% after 36 months. The company will sell the unlocked shares based on market conditions.