Cambricon’s 561,000 equity incentive shares will be listed for trading on August 20.
1 hours ago
Chinese AI chip firm Cambricon announced that it has recently received the "Transfer Registration Confirmation" and "Securities Change Registration Certificate" from the Shanghai Branch of China Securities Depository and Clearing Co., Ltd., completing the share registration for the first vesting period of the reserved portion of its 2023 Restricted Stock Incentive Plan (the "Incentive Plan"). A total of 124 incentive recipients are eligible for this vesting. The total number of shares to be listed and traded is 561,000, with the listing date set for August 20, 2026. The total vested restricted shares amount to 597,600: 36,600 shares come from the company’s repurchased A-share common stock, and the remaining 561,000 shares are from the company’s targeted issuance of A-share common stock to the incentive recipients.
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