Changchuan technology fully acquires vision subsidiary, adjusts stock plans

Hangzhou Changchuan Technology Co., Ltd. announced the acquisition of minority stakes in Keweisheng Vision Technology (Suzhou) Co., Ltd., totaling 49% of its equity, for yuan 82.62 million and yuan 36.45 million respectively. This move will grant Changchuan Technology 100% ownership of Keweisheng Vision Technology. The acquisition, funded by internal resources and a bank acquisition loan of up to yuan 60 million from the Export-Import Bank of China, aims to optimize industrial resource integration and enhance comprehensive competitiveness.

In related news, the company is making adjustments to its 2024 and 2022 restricted stock incentive plans, including the cancellation of unvested shares due to employee departures and performance shortfalls. The 2024 plan's granting price was adjusted from yuan 15.94 per share to yuan 15.84 per share, and the 2022 plan's granting price from yuan 25.17 to yuan 24.77 per share. Additionally, director Zhang Lei resigned, with Zhang Haidai nominated as a new non-independent director, reflecting ongoing governance adjustments.