Lens Technology to unblock shares, accelerate fund repayment

Lens Technology is set to unfreeze 4,557,611 restricted shares on October 17, 2025, representing 0.0915% of its current A-share capital, as part of its 2023 restricted stock incentive plan. The board approved this on September 23, 2025, confirming performance targets for the second unblocking period were met, including a 2024 net profit growth of 48.03% over 2022 and individual performance assessments. The company also adjusted the repurchase/vesting price from RMB 6.04 per share to RMB 5.64 per share.

Concurrently, the company has continued to accelerate the repayment of idle raised funds temporarily used for working capital. On October 13, 2025, Lens Technology returned an additional RMB 0.5 bn, bringing total early repayments to RMB 8.1 bn, out of an initially approved RMB 24 bn. The remaining RMB 15.9 bn is expected to be returned before the January 12, 2026, due date.

The share unblocking affects 2,326 incentive participants, while 18,230,446 second-class restricted shares will vest at RMB 5.64 per share. Following these changes, the company’s capital structure will show 10,861,347 restricted circulating shares (0.21%) and 4,971,871,044 unrestricted circulating shares (94.09%) in A-shares.