JIAFAET(SZ:300559) Zheng Quan Zhi Xing·2025-07-07 12:16Core Viewpoint - The company has successfully completed the second lock-up period of its 2023 employee stock ownership plan, allowing for the unlocking of 1.8915 million shares, which represents 30% of the total shares in the plan and 0.47% of the company's total share capital [1][3][6] Summary by Sections 1. Employee Stock Ownership Plan Overview - The company approved the 2023 employee stock ownership plan during meetings held on March 30, April 20, and subsequent meetings, granting the board full authority to manage the plan [1][2] - The purchase price for the shares in the plan was adjusted from 6.28 yuan/share to 6.21 yuan/share on May 22, 2023 [2] - As of June 30, 2023, the company transferred 6,305,000 shares to the employee stock ownership plan, accounting for 1.58% of the total share capital [2] 2. Conditions for Unlocking Shares - The employee stock ownership plan has three unlocking phases, with the second phase's conditions met as of July 7, 2025, after the lock-up period ended on June 29, 2025 [3][4] - The unlocking conditions require either a net profit of 260% based on the 2022 figures or a specific revenue target for 2023, with performance evaluated by an independent accounting firm [5][6] 3. Performance Evaluation - The performance of the 105 participants in the plan was rated as excellent, resulting in a 100% unlocking ratio for the personal level [6] - The total number of shares eligible for unlocking in this phase is 1.8915 million, with all participants meeting the performance criteria [6] 4. Future Arrangements - A meeting will be held for plan participants to decide on the distribution of rights and benefits based on the board's evaluations [7] - The management committee will determine the timing and quantity of stock sales in accordance with market conditions and the plan's regulations [7][8]