Huace Navigation completes restricted stock grant to key personnel

Shanghai Huace Navigation Technology Co., Ltd. (SZSE:300627) has announced the successful completion of the registration for its 2025 second-phase restricted stock incentive plan. The company granted 389,700 shares of restricted stock to 12 core technical personnel at a price of CNY 28.39 per share. These shares, representing 0.0496% of the company's total share capital, are now classified as restricted tradable shares and will be listed on November 11, 2025.

The total proceeds from the issuance amounted to CNY 11,063,583.00, with CNY 389,700.00 increasing the registered capital and CNY 10,673,883.00 contributing to capital reserves (share premium). These funds will be allocated to supplement the company's working capital. The incentive plan has a validity period of up to 48 months, with staggered unlocking periods of 12, 24, and 36 months from the registration date, subject to performance targets.

The company's total share capital increased from 785,211,888 shares to 785,601,588 shares following the issuance. The basic earnings per share for January-September 2025, originally CNY 0.8971, will be diluted due to the increased share count, assuming net profit attributable to shareholders remains unchanged. The company confirmed that its equity distribution continues to meet listing requirements, and the change will not affect the controlling shareholder or actual controller.