Invt Electric details 2025 employee stock ownership plan

Guangdong Cinda Law Firm has issued a legal opinion confirming that Shenzhen Invt Electric Co., Ltd.'s 2025 employee stock ownership plan (ESOP) adheres to relevant laws and regulations. The plan aims to distribute no more than 9.8943m shares, including reserved shares, representing 1.22% of the company's current share capital of 813.8006m shares. It will be managed by an internal committee and funded through employee salaries and self-raised capital.

The ESOP is open to 206 middle-level managers and technical staff, excluding directors, senior management, shareholders holding 5% or more, and actual controllers.

The company has completed initial statutory procedures, including approval from the board of directors and its nomination and remuneration committee, and a workers' representative meeting on September 11, 2025. The ESOP has a 60-month duration, with a 12-month lock-up period for the acquired shares.

The board's nomination and remuneration committee confirmed that proposed participants meet eligibility criteria, are not disqualified under relevant securities regulations, and are formal employees. The plan now awaits approval from the shareholders' meeting.