Meyer Optoelectronic to unlock 327,350 restricted shares in November

Hefei Meyer Optoelectronic Technology Co., Ltd. announced that 327,350 restricted shares, representing 0.0371% of the company's total share capital, will become eligible for circulation on November 11, 2025. This follows the fulfillment of unlocking conditions for the second unlocking period of the reserved grant portion of its 2021 Restricted Stock Incentive Plan, benefiting 286 eligible incentive recipients.

The company's performance for the second unlocking period, with 2023 operating revenue growth of 62.13% relative to 2020, exceeded the target of 60%. Additionally, all 286 eligible incentive recipients met the A/B personal performance evaluation standard, qualifying for 100% individual unlocking. Six incentive recipients were disqualified due to resignation, and their unvested restricted shares will be repurchased and canceled by the company.

The unlock involves a shift in the company's share structure, reducing restricted shares by 327,350 to 448,281,135 shares (50.81% of total) and increasing unrestricted circulating shares by 327,350 to 433,953,915 shares (49.19% of total). The total share capital remains unchanged at 882,235,050 shares.