Cambricon's first vested batch of reserved grants under its 2023 restricted stock incentive plan covers 124 recipients and 597,600 shares, with 561,000 of those shares set to start trading on Aug. 20, 2026. Based on the Aug. 17 closing price of 1,156 yuan, the vested shares were worth about 690 million yuan, or roughly 5.57 million yuan per recipient on a simple average basis, though actual allocations and realizable proceeds may differ. The vested total includes 36,600 shares from stock repurchased in the secondary market and 561,000 newly issued shares. The company last month also rolled out a 2026 restricted stock incentive plan covering 5 million shares, with an initial grant to 945 employees, or about 85.37% of its 1,107-person workforce, at a grant price of 750 yuan per share. The latest unlock highlights how Cambricon's rising share price since the 2023 plan was introduced has lifted the market value of employee equity awards, while adding a limited amount of tradable stock for investors to monitor alongside performance conditions, future vesting and the company's operating progress.