Asymchem adjusts stock incentive plan and repurchases shares

Asymchem Laboratories (Tianjin) announced on December 19, 2025, that its board approved adjustments to its 2025 A-share restricted stock incentive plan. The primary reason for the adjustment was the implementation of the 2024 annual equity distribution plan, which involved a cash dividend of CNY 1.1 per share to all shareholders. This dividend led to a recalculation of the repurchase price for previously granted restricted shares.

Consequently, the repurchase price for the initial grant of restricted shares was adjusted from CNY 37.52 per share to CNY 36.42 per share. The adjustment to the repurchase price does not apply to the reserved restricted shares, which maintain their repurchase price of CNY 53.24 per share. Additionally, the company is repurchasing and cancelling 33,000 restricted shares held by 8 employees who have left the company.

This repurchase and cancellation will reduce the total outstanding restricted shares from the initial grant to 4,242,300 shares and from the reserved grant to 289,400 shares. The total cost for the repurchase is CNY 1,235,500, funded by the company's own funds. These adjustments will not materially impact the company’s financial condition or operating results.