Enlight Media to release millions of restricted shares from incentive plan

Beijing Enlight Media has announced the vesting of 9,853,788 restricted shares from its 2023 incentive plan, representing 0.34% of the company's current total share capital. These shares are scheduled to be listed and circulated on September 16, 2025. The vesting affects 26 individuals, with an initial grant price of yuan 4.01 per share, following adjustments.

The shares originate from the company's previous buyback of A-shares from the secondary market, which will reduce the number of shares held in the company's dedicated buyback securities account. This move follows the successful achievement of performance conditions for the second vesting period of the incentive plan.

Independent auditor, Xinyongzhong Certified Public Accountants (Special General Partnership), confirmed the company received a total of yuan 39,513,689.88 from the 26 employees for the restricted shares. The company states that the vesting will not materially impact its financial position, operating results, or lead to a change in the controlling shareholder or actual controller. The distributed funds will be used to supplement the company's working capital.