According to the announcement of Xinao Co., Ltd., the company's 2025 restricted stock incentive plan granted some of the first sales restrictions to lift the sales restrictions. The number of restricted shares that can be lifted for the 54 eligible incentive recipients is 50773.5 million shares, accounting for 0.16% of the company's current total share capital. The listing and circulation date is November 18, 2026. A total of 1.106,500 restricted shares corresponding to 11 incentive recipients who did not meet the unlocking conditions will be repurchased and cancelled by the company.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.