ShuangTa Food(SZ:002481) Zheng Quan Zhi Xing·2025-08-19 16:34Core Viewpoint - Yantai Shuangta Food Co., Ltd. announced that the second lock-up period of its 2023 employee stock ownership plan did not meet the unlocking conditions, resulting in 0 shares being unlockable [2][4]. Summary by Sections 1. Employee Stock Ownership Plan Approval and Implementation - The company held a board meeting on August 19, 2025, where it approved the employee stock ownership plan [2]. - The plan was initially approved at the second extraordinary general meeting of shareholders on October 20, 2023 [2]. 2. Second Lock-Up Period Unlocking Conditions Not Met - The second lock-up period is set to expire on December 12, 2025, but the company's performance in 2024 did not meet the required growth of at least 15% compared to the average revenue from 2020 to 2022 [2][4]. - The average revenue for 2020-2022 was approximately 2.19 billion yuan, while the 2024 revenue was approximately 2.48 billion yuan, reflecting a growth of only 13.21% [4]. 3. Subsequent Arrangements for the Second Lock-Up Period - Since the performance criteria were not met, the company will sell the shares held under the second lock-up period, with proceeds going to the company [5]. - The total number of shares corresponding to the second lock-up period is 20,813,204 shares, representing 1.6871% of the company's total share capital [5]. 4. Other Information - The company will continue to monitor the implementation of the employee stock ownership plan and fulfill its information disclosure obligations as required by law [5].