Core Viewpoint - The company announces the completion of the lock-up period for its 2024 Employee Stock Ownership Plan (ESOP) and the achievement of the unlocking conditions, allowing for the release of shares held under this plan [1][6]. Summary by Sections 1. Approval and Implementation of the ESOP - The company held meetings on June 5, 2024, and June 21, 2024, to approve the 2024 ESOP, which was subsequently disclosed on the Shanghai Stock Exchange [1]. 2. Adjustment of Stock Purchase Price - On June 21, 2024, the board approved an adjustment of the stock purchase price from 15.48 CNY per share to 15.19 CNY per share due to the company's 2023 equity distribution [2]. 3. Lock-up Period Completion - The lock-up period for the ESOP lasted 12 months, and it has now ended, allowing for the unlocking of 657,000 shares, which represents 0.83% of the company's total share capital [3][6]. 4. Performance Assessment for Unlocking - The unlocking of shares was contingent upon achieving specific performance metrics related to the company's net cash flow from operating activities and net profit. The company met its performance targets, resulting in a 100% unlocking ratio [6][5]. 5. Subsequent Arrangements and Trading Restrictions - Following the completion of the lock-up period, the management committee will sell the unlocked shares at an appropriate time, adhering to market trading rules and regulations regarding sensitive information periods [7][6]. 6. Board Committee Opinion - The board's remuneration and assessment committee confirmed that the unlocking conditions were met in compliance with the ESOP regulations, ensuring no harm to the interests of the company or its shareholders [7][6]. 7. Ongoing Monitoring - The company will continue to monitor the implementation of the ESOP and fulfill its disclosure obligations as required by law [6][8].
品茗科技: 关于2024年员工持股计划锁定期届满暨解锁条件成就的公告