CONANT OPTICAL (02276) grants the first batch of restricted share units.

CONANT OPTICAL (02276) announced that, in light of the recent business developments of the company and in order to better retain talent and enhance employee motivation and sense of belonging, the company believes it is necessary to reevaluate the list of reward recipients and the number of shares in the stock incentive plan. Therefore, with the consent of the selected recipients, the company has decided to cancel the previously awarded stock incentives in accordance with the terms of the Restricted Stock Unit Plan. As of the date of this announcement, any previously awarded stock incentives that have not yet vested will be forfeited, while all revoked shares will continue to be held by the plan trustee. Following the cancellation of the stock incentives, in order to achieve the desired motivating effect, the Compensation Committee has proposed a new award and allocation plan to the Board for consideration. Additionally, the Board has decided and approved to re-grant the first tranche of Restricted Stock Units on April 3, 2025, representing 20% of 11.8743 million shares, which is 2.3749 million shares, based on the aforementioned conditions.