Southchip Technology announced the completion of vesting under its 2023 restricted stock incentive plan. A total of 1.95 million shares will be listed and become tradable on August 3, 2026. The incentive recipients total 190 person-times, including directors, senior management, and core technical personnel. The vested shares are sourced from A-share common stock issued by the company to the incentive recipients through a private placement. After vesting, the company's total share capital increased from 428 million shares to 430 million shares. In the first quarter of 2026, Southchip Technology achieved revenue of 757 million yuan and a net profit attributable to the parent company of 3.34 million yuan.
Southchip Semiconductor Technology (Shanghai) Co. Ltd. AVesting of restricted shares increases share supply, diluting existing holders, but also aligns incentives; net effect unclear.