Kingsignal(SZ:300252) Zheng Quan Zhi Xing·2025-05-30 08:10Core Viewpoint - The announcement details the expiration of the lock-up period for the employee stock ownership plan (ESOP) of Shenzhen Jinxinno High-tech Co., Ltd, which allows employees to unlock and potentially sell their shares after a specified period [1][2]. Summary by Sections Employee Stock Ownership Plan Details - The ESOP was approved during the board and shareholder meetings held on January 9, 2024, and February 1, 2024, respectively [1]. - The plan's duration is set for 24 months, with a lock-up period of 12 months, which ended on May 29, 2025 [2]. - As of the announcement date, 500,000 shares are eligible for unlocking, representing 0.08% of the company's total share capital of 66,215.3834 million shares [2]. Lock-up Period Expiration and Subsequent Arrangements - Following the expiration of the lock-up period, the ESOP management committee will decide on the timing for selling the unlocked shares or transferring them to individual accounts for personal disposal [2]. - The shares held under the ESOP have not been used for collateral, pledges, guarantees, or debt repayment [2]. Compliance with Trading Rules - The ESOP will adhere to market trading rules and regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange, including restrictions on trading during specific periods [3]. Plan Duration, Changes, and Termination - The ESOP will automatically terminate if not extended upon reaching the end of its duration, unless a two-thirds majority of the participants agree to extend it [4][5]. - Changes to the ESOP, such as funding methods or duration extensions, require approval from two-thirds of the participants and the board [5]. Ongoing Monitoring and Disclosure - The company will continue to monitor the implementation of the ESOP and fulfill its information disclosure obligations as required [5].