Yongtai Technology unlocks restricted shares, initiates buyback

Zhejiang Yongtai Technology released 4.45 million restricted shares to 298 eligible participants after achieving 2024 operating revenue of 4.59 billion yuan, meeting unlock conditions.

The company will simultaneously repurchase 273,159 restricted shares at 4.30 yuan per share, including 153,159 shares due to unmet performance targets and 120,000 shares from four individuals no longer eligible for the incentive plan.