Inovance advances equity incentives with options and restricted share grants

Shenzhen Inovance Technology announced the commencement of the first exercise period for its seventh-phase equity incentive plan. This allows 1,116 eligible participants to exercise 7,442,798 stock options at an exercise price of CNY 42.46 per share, effective from September 23, 2025, to September 22, 2026. This independent exercise model is expected to increase the company's total share capital by 7,442,798 shares.

Concurrently, the company confirmed the listing of 59,750 restricted Class II shares under the first vesting period of the same plan, involving 11 employees. These shares, sourced from company repurchases, will be listed on September 23, 2025, at a grant price of CNY 42.46 per share, resulting in a total capital contribution of CNY 2,536,985.00. This transaction does not alter the company's total share capital, as the shares are from existing inventory.

Additionally, Inovance completed the registration of 775,000 Class I restricted shares for 5 participants under the reserved grant of the seventh-phase plan, with a grant price of CNY 42.46 per share, also listing on September 23, 2025. These shares, also from company repurchases, involved a total capital contribution of CNY 32,906,500.00. All funds raised from these transactions will be used to supplement the company's working capital.