Core Viewpoint - The announcement details the completion of the first lock-up period for the 2024 employee stock ownership plan of Hubei Jichuan Pharmaceutical Co., Ltd, which will end on May 23, 2025, with the unlocking date set for May 26, 2025 [1][2]. Summary by Sections Employee Stock Ownership Plan Holdings - The stock for the employee stock ownership plan comes from the company's repurchased A-shares, with a total of 378,652 shares transferred to the plan's account at a price of 37.78 yuan per share [2]. Lock-Up Period - The employee stock ownership plan has a duration of 60 months, starting from the date of the last stock transfer to the plan's account. The first lock-up period will end on May 23, 2025, with the unlocking date on May 26, 2025 [2][3]. Post-Lock-Up Arrangements - After the lock-up period ends, the management committee of the employee stock ownership plan will sell the unlocked shares based on market conditions and distribute the proceeds according to individual performance assessments. Shares returned due to employee departures will belong to the company [2][3]. Compliance and Regulations - The employee stock ownership plan will strictly adhere to market trading rules and regulations, ensuring no insider trading or market manipulation occurs [3]. Duration, Changes, and Termination of the Plan - The plan can be extended or terminated based on the agreement of two-thirds of the participating holders and approval from the company's board. If the plan's stocks are sold and cleared according to regulations, it may also be terminated early [4]. Ongoing Monitoring - The company will continuously monitor the implementation of the employee stock ownership plan and fulfill its disclosure obligations as required by law [4].
济川药业: 湖北济川药业股份有限公司关于2024年员工持股计划第一个锁定期届满的提示性公告