YTOT(SZ:300790) Shang Hai Zheng Quan Bao·2025-06-26 20:17Core Viewpoint - The announcement details the completion of the first batch of shares sold under the 2023 employee stock ownership plan of Dongguan Yutong Optical Technology Co., Ltd, highlighting the company's adherence to regulatory requirements and the specifics of the stock repurchase and distribution process [1][4]. Group 1: Employee Stock Ownership Plan Overview - The employee stock ownership plan was approved during the board and shareholder meetings held on September 25 and October 12, 2023 [1]. - The shares for the plan were sourced from the company's repurchased A-shares, with a total of 6,714,900 shares repurchased, representing 2.00% of the total share capital [2]. - The repurchase was conducted at a total cost of approximately 99.99 million yuan, with prices ranging from 13.69 yuan to 16.10 yuan per share [2]. Group 2: Share Transfer and Lock-up Period - The shares were transferred to the employee stock ownership plan account on June 11, 2024, at a price of 7 yuan per share, also representing 2.00% of the total share capital at that time [3]. - The plan has a maximum duration of 48 months, with shares being unlocked in three phases: 30% after 12 months, 30% after 24 months, and 40% after 36 months [3]. Group 3: Sale of Shares and Future Arrangements - As of June 26, 2025, 2,014,400 shares from the first batch have been sold, with 70 shares remaining unsold due to trading restrictions [4]. - The management committee will handle tax payments and profit distribution according to the plan's provisions [4]. - The company emphasizes compliance with trading regulations and will continue to disclose information as required by law [4].