Shenzhen Invt Electric unveils new incentive and employee stock plans

Shenzhen Invt Electric plans to grant 20 million shares in total under its 2025 Restricted Stock and Stock Option Incentive Plan, representing 2.46% of the company's total share capital. This includes 18.33 million shares for initial grants and 1.67 million for future grants. The restricted stock will be priced at CNY 4.80 per share, while stock options will have an exercise price of CNY 7.68 per share. Concurrently, the company introduced the 2025 Employee Stock Ownership Plan, intending to transfer up to 9.8943 million shares from its buyback account at CNY 4.80 per share, equivalent to 1.22% of current share capital.

Both plans feature performance hurdles, with the incentive plan's vesting/exercise conditions tied to achieving specific growth targets in operating revenue and net profit from 2025 to 2027, based on 2024 performance. The employee stock ownership plan also includes company-level performance assessments for the same period. The board has sought shareholder authorization for the implementation and management of both schemes, which aim to enhance employee motivation and ensure the company's long-term sustainable development.