Shanghai Sinyang vests 331,590 restricted shares for 120 employees

Shanghai Sinyang Semiconductor Materials Co., Ltd. has announced the completion of the second vesting period for its New Growth (Phase II) Equity Incentive Plan. A total of 331,590 restricted shares, representing approximately 0.11% of the company's current total share capital, have been vested to 120 eligible incentive recipients. The shares were granted at an adjusted price of CNY 16.65 per share and sourced from the company's repurchased RMB A-share ordinary shares. The vesting was completed on September 17, 2025.

The board of directors approved the vesting, confirming that the performance targets for 2024 were met, with the semiconductor industry operating income reaching CNY 1,035,402,980.61, exceeding the target of not less than CNY 1 billion. This achievement resulted in a 100% company-level vesting ratio. Individual performance assessments also played a role, with 114 incentive recipients achieving "A" or "B" ratings (100% vesting) and 6 recipients achieving a "C" rating (50% vesting).

The company's equity structure remains unchanged, and the vesting is not expected to have a significant impact on its financial condition or operating results. The total vested amount of CNY 5,520,973.50 will be used to supplement the company's working capital.