Haers unlocks employee shares after beating revenue target

Zhejiang Haers Vacuum Containers unlocked 2.8 million shares under its employee stock plan after beating performance targets.

The company's 2024 revenue jumped 38.40% year-on-year, well above the 15% growth target required for the share release. Thirty of 32 participating employees qualified for the unlock by achieving individual performance scores above 80.

The unlocked shares represent 0.6% of total share capital, with eligible participants receiving 2.66 million shares.