Visual China Group to unlock second batch of restricted shares

Visual China Group announced that its 2023 Restricted Stock Incentive Plan’s second unlocking period conditions have been met. Two incentive recipients are eligible to unlock a total of 129,000 restricted shares, which constitutes 0.02% of the company's current total share capital. These shares are scheduled to be listed and circulated on December 29, 2025.

The unlocking follows the company’s fulfillment of performance targets, including achieving a non-recurring net profit of RMB 12,020.08 million in 2024 and a cumulative non-recurring net profit of RMB 23,077.46 million for 2023-2024. Additionally, the company successfully launched its first-generation VCGClip language model and deployed VCG Clip language model and AIGC toolboxes on platforms like 500px, serving the creator ecosystem.

All two eligible incentive recipients achieved a 100% individual performance appraisal rating, further confirming the satisfaction of all unlocking conditions. This release marks another step in the company's incentive plan, aligning with its previously disclosed framework and demonstrating sustained performance.