YUNDA Corp.(SZ:002120) Zheng Quan Zhi Xing·2025-06-06 11:20Core Viewpoint - The announcement details the completion of the first lock-up period for Yunda Holding Group's employee stock ownership plan, which is set to expire on June 9, 2025, and outlines the conditions for unlocking shares based on company performance metrics [1][2][4]. Group 1: Employee Stock Ownership Plan Details - The stock for the employee stock ownership plan comes from shares repurchased by the company, totaling 7 million shares at a price of 6.30 yuan per share [1][2]. - The first unlocking period allows for 50% of the total shares to be unlocked after 20 months from the last transfer of shares to the plan, while the second period allows for 100% after 32 months [2][4]. - The performance assessment for unlocking shares includes both company-level and individual-level evaluations, with the company required to achieve a growth rate in business volume of at least 21.5% in 2024, which is the average growth rate for the express delivery industry [2][3]. Group 2: Performance Metrics and Unlocking Conditions - The company achieved a business volume growth rate of 26.14% in 2024, exceeding the industry average, thus meeting the company-level performance requirements for the first unlocking period [4]. - Individual performance will also be assessed, with unlocking ratios based on performance grades ranging from 100% for grade A to 0% for grade D [4][5]. - A total of 53 individuals qualify for unlocking, with 3 individuals having left the company, resulting in 328.30 thousand shares eligible for unlocking, representing approximately 0.11% of the company's total share capital [5][6]. Group 3: Future Arrangements and Compliance - After the first lock-up period, the management committee will oversee the sale of unlocked shares and distribution of proceeds, subject to approval from the holders' meeting [6][9]. - The plan includes strict compliance with market trading rules and regulations, particularly during sensitive periods surrounding financial disclosures and significant corporate events [6][8]. - The plan can be extended or modified with the consent of two-thirds of the participating holders, and it may be terminated early under certain conditions [8][9].