Sangfor Technologies approves capital reallocation, new equity incentive plan

Sangfor Technologies announced resolutions from its 35th board of directors meeting on December 25, 2025, detailing key financial and incentive strategies. The board approved the permanent replenishment of working capital with surplus funds of 48,545,100 yuan (including interest income) from the "Network Information Security Services and Product R&D Base Project" and the subsequent closure of its dedicated fundraising account. This project, part of the 2020 targeted share issuance, had total raised funds of 881,242,223.75 yuan for investment.

The board also approved the second tranche of its 2024 restricted stock incentive plan, granting 3.48m restricted shares to 1,148 eligible employees at an adjusted price of 32.03 yuan per share. This allocation, effective December 25, 2025, includes 15,000 shares for senior management and 3.465m shares for other core technical and business personnel. The total fair value of equity instruments granted is estimated at 279,115,500 yuan, to be amortized from 2026 to 2029. Additionally, the board approved revisions to several corporate governance policies, including those related to directors, senior management, internal audit, and information disclosure.