Sunshine Power has announced the grant of 9.11 million shares of restricted stock as part of its incentive plan. The announcement was made on March 18, 2025, stating that this grant will occur on the same date. The number of shares granted represents 0.44% of the company’s total capital stock. The grant price for these shares is set at 35.27 yuan per share, with the number of recipients not exceeding 874 individuals, including some core and essential employees of the company.
According to the company’s 2025 Restricted Stock Incentive Plan (Draft), the initial grant of restricted stocks will vest according to a predetermined arrangement, with a maximum vesting period of 60 months. This arrangement consists of four vesting periods, each with a vesting ratio of 25%.
For the first three quarters of 2024, Sunshine Power reported a revenue of 49.946 billion yuan and a net profit attributable to shareholders of 7.600 billion yuan.
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