Mesnac Incentive Plan: 4.58M Restricted Shares Unlocked

Mesnac Co., Ltd. announced that 4,583,850 restricted shares from its 2022 stock option and restricted stock incentive plan's third restricted period will become tradable on October 20, 2025. This release represents 0.4495% of the company's total share capital and impacts 236 incentive recipients who met the necessary conditions.

The company's board of directors, at its ninth session on September 25, 2025, approved the fulfillment of conditions for the third restricted period. The incentive plan requires an individual performance assessment, with recipients achieving an "A" rating being fully eligible for unlocking. Mesnac's performance targets for the third restricted period were also met, showing a net profit growth rate of 255.82% in 2024 compared to 2021, according to audited figures.

This follows a series of approvals and adjustments since the plan's inception, including several share repurchases and cancellations due to employee departures. The current unlock reduces the total restricted shares from 22,833,850 to 18,250,000, while increasing unrestricted shares from 991,290,473 to 995,874,323.