Contemporary Amperex Technology completes third vesting period, cancels unvested shares

Contemporary Amperex Technology (SZSE:300750) will see 1,650,424 restricted shares from its 2022 stock option and restricted stock incentive plan become unrestricted and listed for trading on September 16, 2025. These shares represent 0.04% of the company’s current total share capital and will be distributed among 3,711 incentive recipients. The company’s consolidated operating revenue for the years 2022-2024 totaled CNY 10,915.24 billion, exceeding the target of CNY 8,500 billion and fulfilling the performance conditions for the third vesting period.

Concurrently, 297,857 unvested stock options were canceled due to employee departures and expiration. An additional 5,697 restricted shares, originally granted but unvested due to individual performance assessments below target, and 900 restricted shares voluntarily forfeited by recipients were also invalidated. These cancellations align with the terms of the 2022 incentive plan.

The company's total share capital will increase from 4,559,858,525 shares to 4,561,508,949 shares after the vesting. The proceeds from the vested shares will be used to supplement the company’s working capital.