Leadshine Technology to unlock restricted stock for 81 employees

Shenzhen Leadshine Technology Co., Ltd. is set to list 2,768,000 restricted shares, representing 0.88% of the company's total share capital, for circulation on September 12, 2025. This release pertains to the third unlocking period of the initial grant and the second unlocking period of the reserved grant under its 2022 restricted stock incentive plan.

A total of 81 incentive recipients will have their shares unlocked. This includes 73 individuals from the initial grant, who will unlock 2,588,000 shares (0.82% of current share capital), and 8 individuals from the reserved grant, who will unlock 180,000 shares (0.06% of current share capital). The unlock price for both initial and reserved grants was adjusted to 7.22 yuan per share.

The company's board concluded that all conditions for unlocking the restricted shares have been met, following a review of 2024 performance, which satisfied the established revenue growth targets. This will result in a shift in the company's share structure, reducing the proportion of limited-sale shares and increasing freely tradable shares.