Visual China Group's employee stock plan: second unlock period achieved

Visual China Group Co., Ltd. announced on December 22, 2025, that the second lock-up period for its 2023 employee stock ownership plan has expired, with all unlocking conditions achieved. The second lock-up period officially ended on December 21, 2025. This allows for the release of 30% of the total employee stock ownership plan holdings (excluding reserved portions), amounting to 294,000 shares, representing 0.04% of the company's current total share capital.

The unlocking was contingent upon achieving both company-level financial and AIGC business performance targets, as well as individual performance targets. For the financial year 2024, the company reported a non-recurring net profit attributable to shareholders of CNY 120.2008 million, with the cumulative non-recurring net profit for 2023-2024 reaching CNY 230.7746 million, surpassing the target of CNY 224.4 million.

In terms of AIGC business, the company completed the development and launch of the first-generation VCGClip language model in Q1 2024, supporting smart search and content matching. By Q3 2024, the VCGClip language model and AIGC toolkit were deployed across platforms like 500px, serving the creator ecosystem. All participants also achieved a 100% individual performance evaluation, confirming the successful fulfillment of all necessary conditions for the second unlock period.