Invt Electric shareholders approve revised equity incentive plan

Shenzhen Invt Electric's first extraordinary general meeting of shareholders in 2025 approved the company's restricted stock and stock option incentive plan. The restricted stock plan passed with 80.38% of votes in favor, as did the assessment management method and authorization for the board to handle related matters. For the employee stock ownership plan, 82.67% of votes were in favor, 82.66% for the management method, and 82.66% for board authorization.

The approved incentive plan, initially disclosed on September 11, underwent adjustments by the board on September 30. The number of incentive recipients for stock options was reduced from 238 to 224, following 56,000 voluntarily forfeited stock options. The total restricted shares remain at 10 million, with 9.06 million initially granted and 0.94 million reserved. Stock options were adjusted to 9.944 million, with 9.214 million initially granted and 0.73 million reserved.

The initial grant of restricted shares occurred on September 30, with 9.06 million shares distributed to 32 recipients at a price of 4.80 yuan per share. Stock options were granted on the same date, with 9.214 million options issued to 224 recipients at an exercise price of 7.68 yuan per share. The company confirmed that all conditions for granting the incentives were met, and the adjustments comply with relevant regulations.