NHD(SZ:002264) Xin Lang Cai Jing·2025-09-22 13:18Core Viewpoint - Xinhua Dou Technology Co., Ltd. has completed the reduction of shares held under its "Navigator Plan (Phase III)" employee stock ownership plan through centralized bidding as of September 22 [1] Summary by Sections Employee Stock Ownership Plan Review - The "Navigator Plan (Phase III)" was approved during the board and supervisory meetings held on June 28, 2022, and the second extraordinary shareholders' meeting on July 15, 2022 [2] - The plan involved the purchase of 2,028,400 shares of the company from July 25 to July 28, 2022, through the secondary market [2] - The first lock-up period for the shares ended on July 29, 2023, and the third lock-up period is set to end on July 30, 2024 [2] Reduction Details and Future Arrangements - The reduction of shares under the employee stock ownership plan took place from November 16, 2023, to September 19, 2025, totaling 2,028,400 shares, which represents 0.28% of the company's total share capital of 719,811,300 shares [3] - As of the announcement date, all shares held under the "Navigator Plan (Phase III)" have been fully reduced [3] - The plan has a duration of 60 months, and if not extended, it will terminate upon the expiration of the plan [3]