Hubei Yihua issues restricted shares to management

Hubei Yihua Chemical Industry issued 6,012,500 restricted shares at 4.02 yuan each to 142 management and core personnel, raising 24.2 million yuan for working capital.

The shares have a 24-month lock-up period, with unlocking in three tranches of 40%, 30% and 30% over 24-48 months, subject to performance targets for 2024-2026.