Camel Group(SH:601311) Zheng Quan Zhi Xing·2025-09-04 09:11Core Viewpoint - The company has announced the early termination of its second employee stock ownership plan due to the failure to meet performance targets for the corresponding unlocking periods [1][4][6]. Summary by Sections Employee Stock Ownership Plan Overview - The second employee stock ownership plan was approved by the company's board and shareholders, with a total subscription amount of 29,749,426 yuan and participation from 44 employees [3]. - The plan involved the transfer of 4,249,918 shares (0.36% of total shares) from the company's repurchase account at a price of 7 yuan per share [3]. Performance and Unlocking Conditions - The plan had a duration of 48 months, with shares unlocking in three phases based on performance assessments for the years 2022, 2023, and 2024 [4]. - None of the performance targets were met, leading to the decision that the shares would not be unlocked and would be reclaimed by the management committee for sale [4]. Early Termination Reasons - The plan was originally set to expire on January 29, 2026, but was terminated early after all shares were sold by July 25, 2025 [6]. - The board approved the early termination without needing to present it to the shareholders for further approval [6]. Termination and Future Arrangements - Following the early termination, the management committee will handle the liquidation and distribution of any remaining assets from the employee stock ownership plan [6].