Zhejiang Yinlun revises bylaws, adjusts capital, and cancels stock options

Zhejiang Yinlun Machinery’s board of directors approved amendments to the company’s articles of association, business scope, and registered capital. The registered capital increased from RMB 702,095,104 to RMB 843,650,301, primarily due to convertible bond conversions totaling 18,328,852 shares and stock option exercises adding 33,226,345 shares. The company’s business scope has been expanded to include areas like refrigeration equipment manufacturing, cloud computing devices, and smart robotics.

Concurrently, the company is proceeding with the third vesting period for its 2022 stock option incentive plan, with 44 eligible participants able to exercise 336,375 shares at an exercise price of RMB 9.76 per share. However, 52,375 unexercised stock options have been canceled due to employee departures and individual performance not meeting the required thresholds. These changes are subject to shareholder approval at the upcoming second extraordinary general meeting on October 30, 2025.