Kiwi Instruments(SH:688045) Zhong Guo Jing Ji Wang·2025-04-15 03:03Core Viewpoint - The company, Biyimi (688045.SH), announced the results of the first vesting period of its 2024 restricted stock incentive plan, with shares registered and set to be listed on April 15, 2025 [1][2]. Group 1: Stock Incentive Plan - The first vesting period of the restricted stock incentive plan involved 193 participants, with 4 individuals voluntarily forfeiting a total of 11,100 shares [1]. - The total number of shares vested was 788,880, representing 29.54% of the total granted restricted stock [2]. - The shares were issued as A-shares to incentivize key personnel, including directors and core technical staff [2]. Group 2: Company Background and Financials - Biyimi was listed on the Shanghai Stock Exchange on May 26, 2022, with an initial public offering of 17,262,300 shares at a price of 55.15 yuan per share, raising a total of 952.0158 million yuan [3]. - The net proceeds from the IPO amounted to 860.7779 million yuan, exceeding the initial fundraising target by 208.2629 million yuan [3]. - The funds raised are intended for the development and industrialization of power management control chips and motor drive control chips, as well as the establishment of a research and development center [3]. Group 3: Underwriting and Market Status - The underwriting institution, Shenwan Hongyuan Securities, participated in the strategic placement of shares, acquiring 725,294 shares, which is 4.20% of the total public offering [4]. - The shares acquired by Shenwan Innovation Investment have a lock-up period of 24 months starting from the listing date [4]. - Currently, Biyimi is in a state of share price decline, having fallen below its initial offering price [4].