Desay SV Automotive to unlock third batch of restricted shares

Huizhou Desay SV Automotive announced that 1,609,316 restricted shares, representing 0.27% of the company's total share capital, will be listed and circulated on December 29, 2025. This release is part of the third unlocking period under the 2021 restricted stock incentive plan, benefiting 772 eligible incentive participants.

The company's board of directors and supervisory board approved the fulfillment of the unlocking conditions on December 2, 2025. Key performance targets for the 2024 fiscal year were met, including a 306.20% growth in operating revenue (above the 75th percentile of comparable companies), earnings per share of 3.54 yuan (exceeding the 75th percentile of comparable companies), and a cash dividend ratio of 33.22% (above 25%).

Of the 772 beneficiaries, 766 individuals achieved a "Good" or higher performance rating, qualifying for a 1.0 unlocking ratio. The remaining 6 individuals achieved a "Qualified" rating, resulting in a 0.6 unlocking ratio for their shares. The total number of initially granted restricted shares was 5,274,000.