QA(SH:603758) Shang Hai Zheng Quan Bao·2025-09-16 19:19Summary of Key Points Core Viewpoint - The announcement details the completion of the non-trading transfer of shares related to the 2023 employee stock ownership plan of Chongqing Qin'an Electromechanical Co., Ltd, highlighting the successful unlocking of shares and the establishment of a management committee for the plan [1][2][5]. Group 1: Employee Stock Ownership Plan - The company approved the 2023 employee stock ownership plan on August 7, 2023, during a shareholders' meeting, which included the management methods and related resolutions [1]. - A total of 16.35 million shares were transferred to the employee stock ownership plan account on September 8, 2023, through a non-trading transfer [2]. - The first unlocking period for the initial portion of the employee stock ownership plan was confirmed on September 5, 2024, with 4.854 million shares unlocked, of which 2.934 million shares were transferred to individual accounts on September 27, 2024 [2][3]. Group 2: Unlocking and Distribution of Shares - The second unlocking period for the initial portion of the employee stock ownership plan was confirmed on September 8, 2025, with 3.884 million shares unlocked [3]. - Out of the unlocked shares, 2.631599 million shares were transferred to individual accounts on September 15, 2025, involving 97 employees, representing 0.60% of the company's total share capital [5]. Group 3: Future Arrangements - The company will continue to monitor the implementation of the employee stock ownership plan and fulfill its information disclosure obligations as required by relevant laws and regulations [5].