DTECH (01377.HK): Vesting Conditions Met for 363,180 Restricted Shares, Grant Price RMB 8.79 per Share

NewTimeSpace (newtimespace.com) News: On 15 September 2026, Guangdong Dtech Technology Co., Ltd. (stock code: 01377) published an overseas regulatory announcement setting out an announcement published on the website of the Shenzhen Stock Exchange. The Company held the first meeting of its third board of directors on 15 September 2026 and approved the resolution on the fulfilment of the vesting conditions for the second vesting period of the reserved grant under the 2023 restricted share incentive scheme, agreeing to handle the vesting of 363,180 Class II restricted shares for 32 eligible grantees, with the shares to be sourced from A shares to be issued specifically to the grantees.

The grant price of the restricted shares to be vested is RMB 8.79 per share. The reserved grant date was 27 September 2024 and the second vesting period runs from 27 September 2026 to 24 September 2027. According to the audit report issued by Rongcheng Certified Public Accountants, the Company's 2025 net profit was RMB 422 million and revenue was RMB 2,144 million, meeting the company-level performance target for the second vesting period of "2025 net profit of not less than RMB 405 million or 2025 revenue of not less than RMB 2,100 million". At division level, the 2025 assessment results of the divisions of 31 reserved grantees were S/A, corresponding to a vesting ratio of 100%, while one was rated B with a vesting ratio of 80%; at individual level, 29 grantees were rated S/A with a vesting ratio of 100%, and three were rated B with a vesting ratio of 80%.

After completion of the vesting, the Company's total share capital will increase from 424,044,934 shares to 424,408,114 shares, and the Company will determine the vesting date as the date on which China Securities Depository and Clearing Corporation Limited completes the share change registration. The Company stated that the vesting will not have a material impact on its financial position or operating results, nor on the stability of its management team, but will affect and dilute basic earnings per share and return on net assets.

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