WFDSJ(SH:601010) Zheng Quan Zhi Xing·2025-07-01 16:30Core Viewpoint - The announcement details the completion of the second lock-up period and the achievement of unlocking conditions for the first employee stock ownership plan of Wengfeng Group, indicating a positive performance and compliance with the plan's requirements [1][3][5]. Group 1: Employee Stock Ownership Plan Overview - The first employee stock ownership plan was approved on April 7, 2023, with a total of 1,232.15 million shares eligible for unlocking, representing 0.67% of the company's total share capital [1][5]. - The plan consists of two lock-up periods: the first for 12 months and the second for 24 months, with 50% of the shares unlocking at each period [2][3]. Group 2: Performance Assessment - The company achieved a net profit of 148.5649 million yuan in 2023, a year-on-year increase of 33.39%, meeting the performance assessment criteria for the second lock-up period [4]. - The cumulative growth rate for net profit from 2023 to 2024 reached 59.08%, exceeding the required thresholds for unlocking [4]. Group 3: Unlocking Conditions and Future Arrangements - The unlocking conditions for the second lock-up period have been met, allowing for the release of shares based on individual performance assessments, with all participants achieving an "A" rating [5][6]. - Following the completion of the second lock-up period on June 29, 2025, the management committee will decide on the timing for selling the unlocked shares, adhering to market regulations and tax obligations [6].