Sunwoda Electronic exceeds revenue target, vests restricted shares

Sunwoda Electronic achieved 2024 operating revenue of approximately 56.021 billion yuan, exceeding its target of 55.0 billion yuan.

The performance milestone triggered the vesting of 7.08 million restricted shares for 690 employees under the company's 2024 incentive plan. The shares will begin trading on August 5, 2025, at a vesting price of 6.63 yuan per share.