Sunxing(SH:603978) Shang Hai Zheng Quan Bao·2025-09-12 20:39Core Viewpoint - Shenzhen Xinxing Light Alloy Materials Co., Ltd. has completed the lock-up period for its 2024 employee stock ownership plan, and the conditions for unlocking have been met, allowing for the release of 1,883,926 shares, which represents 0.89% of the company's total share capital [3][8]. Summary by Sections Implementation Progress of the Employee Stock Ownership Plan - The company held several meetings in 2024 to approve the implementation of the employee stock ownership plan, including board meetings and a shareholder meeting [1][2]. - On September 12, 2025, the board approved the unlocking of the employee stock ownership plan as the lock-up period had expired [3]. Lock-Up Period and Unlocking Conditions - The lock-up period for the employee stock ownership plan was set at 12 months, starting from the date of the last stock transfer to the plan [4]. - As of September 11, 2025, the lock-up period has ended, and the conditions for unlocking have been fulfilled [4]. Achievement of Unlocking Conditions - The performance assessment for unlocking includes both company-level and individual-level metrics. The company achieved a revenue of 2,563,432,175.17 yuan for 2024, a growth rate of 62.32% compared to 1,579,249,838.21 yuan in 2023, meeting the company-level performance criteria [6]. - All participants in the employee stock ownership plan received a "qualified" performance evaluation, allowing for full unlocking of their shares [7][8]. Post-Unlocking Arrangements - After the lock-up period, the management committee will decide on the timing for selling the shares based on market conditions and will distribute the proceeds to the participants accordingly [8]. - The plan will adhere to market trading rules and relevant regulations regarding sensitive information periods [8].