Core Viewpoint - The announcement details the expiration of the lock-up period for the third employee stock ownership plan of Jiangsu Xinquan Automotive Trim Co., Ltd, highlighting the company's commitment to transparency and adherence to regulatory requirements [1][4]. Group 1: Employee Stock Ownership Plan - The third employee stock ownership plan was approved by the board and employee representative assembly, with specific details to be disclosed on the Shanghai Stock Exchange website [1][2]. - A total of 1,043 employees participated in the third employee stock ownership plan, contributing a total of 396.21 million yuan, with the plan's established scale matching this amount [2]. - The company holds 9,259,136 shares under the third employee stock ownership plan, with a lock-up period lasting from June 19, 2024, to June 18, 2025 [4][5]. Group 2: Stock Trading Restrictions - The employee stock ownership plan will comply with market trading rules and will not trade during sensitive periods, including 15 days prior to the semi-annual report announcement [4]. - The plan allows for the sale of shares after the lock-up period, depending on market conditions [4]. Group 3: Plan Duration and Termination - The duration of the third employee stock ownership plan will last until the end of its term, with provisions for extension upon board approval if shares cannot be fully sold before the term ends [5]. - The plan can be terminated early, with a clear process for the distribution of rights upon completion [5].
新泉股份: 江苏新泉汽车饰件股份有限公司关于第三期员工持股计划锁定期届满的提示性公告