Summary of Key Points Core Viewpoint - The announcement details the first employee stock ownership plan of Shanxi Huhua Group Co., Ltd., including the lock-up period and subsequent arrangements for the plan's shares [1][3]. Group 1: Employee Stock Ownership Plan Overview - The employee stock ownership plan was approved during meetings held on April 2, 2024, and May 17, 2024, with the stock sourced from the company's repurchase account [1][2]. - The total number of shares involved in the plan is 2,005,044, which represents 1% of the company's total share capital [2]. Group 2: Lock-up Period and Subsequent Arrangements - The lock-up period for the employee stock ownership plan is set for 12 months, starting from July 19, 2024, and ending on July 19, 2025 [2][3]. - After the lock-up period, the management committee will handle the disposal of unlocked shares in compliance with relevant regulations [3]. Group 3: Plan Duration and Termination - The total duration of the employee stock ownership plan is 36 months, beginning from the date of the last stock transfer to the plan [3][4]. - The plan can be terminated early if all shares are sold or transferred, or it can be extended with the approval of two-thirds of the plan holders [4][5].
壶化股份: 关于第一期员工持股计划锁定期届满的提示性公告