Avary Holding to release first batch of restricted shares

Avary Holding (Shenzhen) Co., Ltd. announced that 375 eligible incentive participants will see 2,611,412 restricted shares, representing 0.1127% of the company's total share capital, become unrestricted and begin trading on October 16, 2025. This follows the board's approval on August 12, 2025, confirming the achievement of the first lifting of sales restrictions conditions for the 2024 Restricted Stock Incentive Plan.

The company's performance for 2024 met the set criteria, with a weighted average net asset return of 11.73% and operating revenue of 35,140,384,498.03 yuan. These results allowed for a 93.60% unlock rate for the first lifting of sales restrictions period. All 375 eligible participants achieved a B-grade or higher in their individual performance evaluations, satisfying the personal lifting of sales restrictions conditions.

However, two incentive participants who resigned prior to the lifting of sales restrictions will have their 70,000 unreleased restricted shares repurchased by the company. Four previously departed participants also had 100,000 restricted shares repurchased at 17.71 yuan per share, as approved on April 29, 2025.