Zhuzhou Kibing (SH:601636) Zheng Quan Zhi Xing·2025-07-11 16:13Core Points - The company has completed the sale of all shares held under the fourth and fifth employee stock ownership plans, with the fourth plan involving 2,100 shares sold in 2025 and the fifth plan involving 4,102 shares sold in 2025 [1][6][7] - The fourth employee stock ownership plan had a total of 24,922,640 shares, representing 0.9287% of the company's total share capital, while the fifth plan had 28,555,980 shares, representing 1.0641% of the total share capital [5][6] - The fourth plan was initiated on December 6, 2022, and had a duration of 36 months, while the fifth plan was initiated on November 24, 2023, also with a duration of 36 months [2][5] Summary of Employee Stock Ownership Plans Fourth Employee Stock Ownership Plan - The fourth plan was approved on October 12, 2022, with 712 employees participating and a total of 24,922,640 shares allocated [1][2] - The plan's shares were fully sold, and the plan will terminate after the completion of asset liquidation and distribution [1][6] - A total of 693 participants met the conditions for share allocation, while 19 were disqualified, leading to a total of 21,449,195.2 shares being reclaimed due to non-qualification [2][3] Fifth Employee Stock Ownership Plan - The fifth plan was approved on October 13, 2023, with 805 employees participating and a total of 28,555,980 shares allocated [4][5] - Similar to the fourth plan, the fifth plan's shares were fully sold, and it will terminate after asset liquidation and distribution [6][7] - The fifth plan did not meet the performance assessment criteria, resulting in no shares being allocated to the participants [5][6]