SFHN(SZ:000631) Zheng Quan Zhi Xing·2025-09-04 16:06Core Viewpoint - The announcement details the upcoming expiration of the first lock-up period and additional lock-up period for the company's 2024 employee stock ownership plan, along with the conditions for unlocking shares based on performance metrics [1][4]. Group 1: Employee Stock Ownership Plan Details - The first lock-up period for the 2024 employee stock ownership plan will end on September 6, 2025, with an additional lock-up period following it [1]. - The plan includes a total of 150,000,072 shares transferred to the employee stock ownership plan as of March 5, 2024 [2]. - The first lock-up period is defined as 12 months from the last stock transfer date, while the additional lock-up period lasts for 6 months after the first period [4]. Group 2: Performance Metrics and Unlocking Conditions - The unlocking conditions are based on company performance metrics, including cumulative operating income and net profit for the renewable energy sector [5][6]. - The target values for the first unlocking period are set at 3.18 billion for operating income and 23.0881 million for net profit, with corresponding thresholds for unlocking shares [5]. - The company achieved a cumulative net profit of 26.0562 million, resulting in a 94% unlocking ratio for the first lock-up period [6]. Group 3: Individual Performance Assessment - Individual performance assessments will determine the final number of shares unlocked for each participant, with performance grades ranging from A (100% unlock) to D (0% unlock) [6][7]. - Two participants achieved a performance grade of B, resulting in an 80% unlocking coefficient, while one participant received a grade of C, leading to a 60% unlocking coefficient [7]. Group 4: Future Arrangements - After the expiration of the lock-up periods, the company will decide whether to sell the unlocked shares based on market conditions and the employee stock ownership plan's guidelines [8]. - The company commits to adhering to market trading rules and relevant regulations regarding stock transactions [8].