Lens Technology vests second tranche of restricted stock for 2,326 employees

Lens Technology has confirmed the vesting of 18,230,446 restricted shares on October 15, 2025, as part of its 2023 incentive plan. A total of 2,326 employees are eligible for this second vesting period, with shares priced at CNY 5.64 per share. These shares, sourced from the company's repurchased A-share ordinary stock, will be immediately tradable upon listing.

The company's 2024 financial performance met the incentive plan's targets, with net profit attributable to shareholders increasing by 48.03% to CNY 3.6239 bn, or 53.92% after adjusting for share-based payment expenses, reaching CNY 3.7680 bn. These results led the board to approve the vesting of shares, along with a price adjustment to CNY 5.64 per share from CNY 6.04 per share, considering the 2024 profit distribution plan.

The newly vested shares, representing 0.3659% of the company's current total A-share capital, will not alter the company's total share capital or equity structure, nor will they impact earnings per share. High-ranking executives received 165,000 of these shares.