甘源食品股份有限公司关于2022年员工持股计划首次授予部分第三个锁定期届满的提示性公告

Core Viewpoint - The announcement details the expiration of the third lock-up period for the employee stock ownership plan (ESOP) of Ganyuan Foods, highlighting the conditions and implications of the plan's execution and stock release [1][2][8]. Group 1: Employee Stock Ownership Plan Overview - The ESOP was approved in meetings held on April 27, 2022, and May 19, 2022, with the first grant's third lock-up period set to expire on June 6, 2025 [1][2]. - The stock involved in the ESOP comes from shares repurchased by the company, with a total repurchase fund ranging from RMB 60 million to RMB 120 million [2][3]. Group 2: Stock Repurchase Details - As of January 7, 2022, the company repurchased a total of 1,255,793 shares, accounting for 1.35% of the total share capital, with a total expenditure of approximately RMB 60 million [3][4]. - The repurchased shares were transferred to the ESOP account at a price of RMB 25.66 per share [5]. Group 3: Lock-up Period and Release Conditions - The first lock-up period ended on June 6, 2023, allowing for the release of 358,288 shares, while the second period will end on June 6, 2024, releasing 358,250 shares [6]. - The third lock-up period will release 477,755 shares, which is 40% of the total shares granted in the first phase of the ESOP [7]. Group 4: Future Arrangements Post Lock-up - Due to unmet performance targets, all shares eligible for release during the lock-up periods will not be unlocked, and the rights will be reclaimed by the management committee [8]. - The company will adhere to market trading rules and regulations regarding stock trading during specified periods [8]. Group 5: Plan Duration and Changes - The ESOP has a duration of 60 months, starting from the date of the last stock transfer to the ESOP account [11]. - The plan can be extended with the approval of two-thirds of the participating holders [11][12]. Group 6: Accounting Treatment - The company will follow the accounting standards for share-based payments, with the impact on financial results to be confirmed by annual audit reports [13].