Shenzhen Invt Electric details 2025 equity incentive and employee stock plans

Shenzhen Invt Electric's board of directors' nomination, remuneration, and assessment committee has approved a 2025 restricted stock and stock option incentive plan. The plan proposes to grant a total of 20 million shares, representing 2.46% of the company's capital stock, with 18.33 million shares for initial grants and 1.67 million for future reservations. The restricted stock will be granted at CNY 4.80 per share, while stock options will have an exercise price of CNY 7.68 per share.

The incentive plan's validity period is 60 months from the initial grant date, with a 12-month lock-up period for the shares. Restricted stock and stock options will be released or exercisable in three phases (30%, 30%, and 40% after 12, 24, and 36 months, respectively). The plan outlines performance assessment targets based on a 2024 baseline, requiring 15% revenue growth and 10% net profit growth for the first period, escalating to 50% revenue growth and 60% net profit growth for the third period.

The company will also implement a 2025 employee stock ownership plan, involving the repurchase of up to 9.8943 million A-shares from the secondary market, representing 1.22% of the total share capital. The repurchase price is CNY 4.80 per share.