HYC(SH:688001) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-14 22:42Core Points - The company has approved the implementation of the 2024 Employee Stock Ownership Plan (ESOP) during its board and supervisory meetings held on July 16, 2024, and the second extraordinary shareholders' meeting on August 1, 2024 [1][2] - The lock-up period for the ESOP will expire on September 13, 2025, as per the regulations outlined in the plan [2][3] Employee Stock Ownership Plan Details - The stock for the ESOP comes from shares repurchased by the company, totaling 888,000 shares, which were transferred to the ESOP account on September 12, 2024 [1] - The ESOP has a maximum duration of 36 months, with a lock-up period of 12 months starting from the date of the last stock transfer [2][3] Performance Assessment and Future Arrangements - The performance target for the ESOP in 2024 is a revenue growth rate of no less than 15% compared to 2023. However, the company did not meet this target, resulting in the shares being locked and subject to potential sale by the management committee [3] - If the ESOP's stock is not fully sold or transferred before the expiration of the plan, the duration may be extended with board approval [4] Compliance and Regulations - All parties involved in the ESOP must adhere to market trading rules and avoid insider trading or market manipulation [5] - The company will continue to monitor the progress of the ESOP and fulfill its disclosure obligations as required [5]