Focus Media(SZ:002027) Zheng Quan Zhi Xing·2025-06-25 18:07Core Viewpoint - The announcement highlights the impending expiration of the second employee stock ownership plan of the company, which is set to end on January 11, 2026, and outlines the necessary disclosures and arrangements related to this plan [1][2]. Group 1: Employee Stock Ownership Plan Overview - The second employee stock ownership plan was approved by the company's board and shareholders in December 2020, with a lock-up period of 36 months and a total duration of 60 months [1][3]. - The plan involved the transfer of 7,700,000 shares to the employee stock ownership plan account, representing approximately 0.05% of the company's total share capital [2]. - As of the announcement date, the plan holds 2,020,000 shares, which is about 0.014% of the total share capital [2]. Group 2: Arrangements Before Expiration - Prior to the expiration of the plan, the management committee will decide on the sale of shares or other arrangements based on market conditions and the plan's provisions [2][3]. - The plan will adhere to market trading rules and regulations regarding sensitive information periods [3]. Group 3: Plan Duration and Termination - The plan's duration is defined as 60 months from the date of approval and the last transfer of shares, specifically from January 12, 2021, to January 11, 2026 [3]. - The plan can be terminated early if all assets are in cash, and it can be extended with the approval of two-thirds of the participating holders [3][4]. Group 4: Distribution of Assets - Within 30 working days after the expiration or early termination of the plan, the management committee will distribute monetary assets according to the shares held by participants [4]. - If the plan still holds stocks after expiration, the management committee will determine the disposal method [4].