Yankershop Food launches equity incentive plan, stock buyback

Yankershop Food has unveiled its 2025 Restricted Stock Incentive Plan (Draft), proposing to grant 3 million restricted shares to 157 employees, including directors, senior management, and core technical staff. The shares, representing 1.10% of the company's total share capital, will be granted at a price of 35.18 yuan per share. This plan aims to boost employee morale and align interests with shareholders, with the restricted shares sourced from the company's secondary market buyback.

In a related move, the company's board approved a share buyback program to repurchase between 2.6 million and 3 million A-shares, valued at 284.232 million yuan to 327.96 million yuan, at a price not exceeding 109.32 yuan per share. The repurchased shares will be used for the new equity incentive plan. The buyback is scheduled for six months from the board's approval.

Concurrently, Yankershop Food's board also approved the repurchase and cancellation of 119,000 previously granted restricted shares from six former employees, and the release of 553,980 restricted shares for 25 employees from the 2023 second phase restricted stock incentive plan, as performance conditions were met. The company will also change its registered address and revise its Articles of Association to reflect a reduced registered capital of 272,590,679 yuan.