SC New Energy adjusts stock plan, approves vesting

Shenzhen SC New Energy Technology Corp. announced on September 19, 2025, an adjustment to the grant price of its 2023 restricted stock incentive plan. Following dividend distributions in 2023, 2024, and 2025, the grant price was revised from the original 66 yuan per share to 63.4 yuan per share. This adjustment ensures compliance with relevant regulations and the company’s incentive plan.

Concurrently, the company approved the second vesting period of the 2023 restricted stock incentive plan, with 366 eligible beneficiaries vesting 601,620 shares. The company's 2024 net profit growth of 162.71% significantly exceeded the 30% target, fulfilling the performance conditions for this vesting period.

Furthermore, the company addressed lapsed shares, noting that 11 incentive objects had left the company, resulting in the forfeiture of 15,900 previously granted restricted shares. These adjustments and approvals were confirmed by the board, supervisory committee, and independent directors, with legal opinions affirming compliance.