Tongda Electric announced that the conditions for lifting the lock-up on the second tranche of its 2023 restricted stock incentive plan have been met. A total of 560,000 shares, representing 0.16% of the company's total share capital, will be released for trading on July 14, 2026, involving 77 incentive recipients. In the first quarter of 2026, Tongda Electric reported revenue of 209 million yuan and a net profit attributable to the parent company of 63.86 million yuan.
Guangzhou Tongda Auto Electric Co LtdLock-up expiry of 560,000 restricted shares (0.16% of total) on July 14, 2026, with no stated impact on fundamentals; potential selling pressure but small relative to total shares.