JCET(SH:600584) Shang Hai Zheng Quan Bao·2025-09-12 19:30Core Viewpoint - The announcement details the completion of the third lock-up period for Jiangsu Changdian Technology Co., Ltd.'s 2022 employee stock ownership plan, which will expire on September 15, 2025 [2][3]. Group 1: Employee Stock Ownership Plan Overview - The 2022 employee stock ownership plan was approved during meetings held on April 13, 2022, and April 29, 2022, with the plan allowing for stock purchases through centralized bidding [2][3]. - As of September 16, 2022, the company had purchased 6,022,437 shares, representing 0.34% of the total share capital, at an average price of approximately 24.67 yuan per share [3][4]. Group 2: Lock-up Period and Release Conditions - The plan has a total duration of 48 months, with unlocking points occurring 12, 24, and 36 months after the completion of stock purchases, releasing 35%, 35%, and 30% of the shares respectively [4]. - The third lock-up period will end on September 15, 2025, but due to unmet performance targets for 2024, no shares can be unlocked during that year [5]. Group 3: Trading Restrictions and Compliance - The company will adhere to trading restrictions during specific periods, including 30 days prior to annual and semi-annual report announcements, and 10 days prior to quarterly reports [6]. - The plan will comply with regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange regarding stock trading [6]. Group 4: Plan Duration, Changes, and Termination - The plan can be extended with the approval of two-thirds of the participating shareholders and the board of directors [8]. - The plan will automatically terminate upon completion of its duration or if all shares are sold and settled according to the plan's provisions [8]. Group 5: Ongoing Monitoring and Disclosure - The company will continuously monitor the implementation of the employee stock ownership plan and fulfill its disclosure obligations as required by law [9].