Zhongtai Cryogenic(SZ:300435) Zheng Quan Zhi Xing·2025-05-12 04:09Core Viewpoint - The announcement details the completion of the non-trading transfer of shares under the 2025 Employee Stock Ownership Plan (ESOP) of Hangzhou Zhongtai Deep Cold Technology Co., Ltd, highlighting the plan's structure and execution [1][2][3]. Group 1: Employee Stock Ownership Plan Overview - The 2025 Employee Stock Ownership Plan was approved during the board and shareholder meetings held on March 14 and March 31, 2025, respectively [1]. - The shares for the ESOP were sourced from the company's repurchased A-shares [1][6]. - The total amount of funds raised for the ESOP was 71.092533 million yuan, with a total of 537.7650 million shares subscribed, matching the proposed subscription amount [3]. Group 2: Share Repurchase Details - The company repurchased a total of 5,377,650 shares, representing 1.39% of the total share capital, with a total transaction amount of 69.332985 million yuan [2]. - The repurchase was conducted at a maximum price of 13.56 yuan per share and a minimum price of 9.39 yuan per share [2]. Group 3: Non-Trading Transfer and Account Setup - A dedicated securities account for the ESOP has been established with China Securities Depository and Clearing Corporation Limited, Shenzhen Branch [2]. - The non-trading transfer of shares to the ESOP has been completed, with the shares held in the dedicated account [3]. Group 4: Governance and Rights - The ESOP holders include the company's actual controller and three directors, who will abstain from voting on related matters [5]. - The ESOP will not have voting rights but will retain rights to dividends and investment returns [5]. Group 5: Accounting Treatment - The accounting treatment for the ESOP will follow relevant accounting standards, ensuring that the costs are recorded based on the fair value of the equity instruments granted [6].