Suzhou Good-Ark Electronics unlocks ESOP reserved portion, exceeding revenue targets

Suzhou Good-Ark Electronics has announced that the second lock-up period for the reserved portion of its 2022 Employee Stock Ownership Plan (ESOP) will expire on September 7, 2025. The company's board of directors, in a meeting on September 3, 2025, confirmed that the unlocking conditions for this period have been met. This segment represents 50% of the reserved portion's total equity, amounting to 352,500 shares. Of this, 300,000 shares are eligible for unlocking by 70 participating employees, representing 0.04% of the company's total share capital.

The unlocking is based on the company's cumulative operating revenue for 2022-2024 reaching 12.99 bn yuan, surpassing the target of 10 bn yuan. This achievement results in a 100% company-level unlocking ratio. Additionally, individual performance assessments for the 70 active participants in the reserved portion achieved an "A+" or "A" rating for 2024, leading to a 100% individual unlocking ratio.

The 2022 ESOP, including the reserved portion, has a 120-month duration, with the first allocation of 4,830,000 shares completed on December 21, 2022, at 4.68 yuan per share. The management committee will now proceed with the necessary arrangements for the unlocking rights after the expiration of the second lock-up period.