天津友发钢管集团股份有限公司关于“共创一号”员工持股计划锁定期届满暨第二批解锁的提示性公告

Core Viewpoint - The announcement details the expiration of the lock-up period for the "Co-Creation No. 1" employee stock ownership plan of Tianjin Youfa Steel Pipe Group Co., Ltd, and outlines the subsequent unlocking of shares and the plan's operational guidelines [1][2][3]. Summary by Sections Employee Stock Ownership Plan Status - The employee stock ownership plan holds 6.05 million shares, representing 0.42% of the company's total share capital, acquired at a price of 3.44 yuan per share [2]. - The plan's lock-up period ended on May 14, 2025, allowing for the second batch of shares to be unlocked starting May 15, 2025 [2][3]. Unlocking and Performance Metrics - The second batch of unlockable shares amounts to 149,919 shares, which is 0.10% of the total share capital, with a performance completion rate of 82.6% for net sales in 2024 [3]. - Individual participants in the plan achieved an "excellent" performance evaluation, allowing them to unlock 100% of their shares [3]. Rights and Restrictions - Holders of the employee stock ownership plan enjoy rights to dividends, stock rights, and other asset benefits proportional to their contributions [4]. - During the lock-up period, holders cannot transfer or pledge their shares, nor can they request distribution of rights [4][5]. Plan Duration and Termination - The plan has a duration of 54 months, starting from the date of the last stock transfer to the plan's account, and can be extended with the approval of two-thirds of the holders [7][8]. - The plan will automatically terminate upon reaching its duration or if all shares are sold prior to that [8].