Shiyuan Electronic's 2024 employee stock plan first lock-up period matures

Guangzhou Shiyuan Electronic Technology Co., Ltd. announced that the first lock-up period for its 2024 employee stock ownership plan has matured. The company's board of directors approved the unlocking conditions on November 21, 2025, following the fulfillment of 2024 performance targets and individual employee assessments. The first lock-up period officially expired on November 22, 2025.

The plan, initiated in August 2024, saw 7,565,000 shares (1.09% of total share capital at the time) transferred to the plan's account on November 19, 2024. The 2024 annual operating revenue reached CNY 22,401,181,999.32, marking an 11.05% increase from 2023. This performance falls within the target range of 9% to 15% for both annual and cumulative operating revenue growth, resulting in a company-level unlocking ratio of 86.83%.

In total, 2,550,362 shares, representing 0.37% of the company's current total share capital, met the unlocking conditions, considering both company and individual performance. The compensation and assessment committee confirmed that 221 participants achieved 100% unlocking, while 5 participants achieved 90%. Unlocked shares will be managed according to the plan's regulations, while any unfulfilled portions due to performance will be deferred to subsequent assessment periods.