BIO-CHEM(SH:603360) Shang Hai Zheng Quan Bao·2025-10-20 20:05Core Viewpoint - The announcement details the completion of the second lock-up period for the 2023 employee stock ownership plan of Dalian Baiao Chemical Co., Ltd, allowing 83 participants to unlock a total of 5,075,932 shares, which represents 0.72% of the company's total share capital [1][8][9]. Summary of Relevant Sections Employee Stock Ownership Plan Approval and Implementation - The employee stock ownership plan was approved through a series of meetings held on August 28, September 13, and October 19, 2023, with independent directors expressing their agreement [2][3][4]. - The plan involved the transfer of 5,179,522 unrestricted shares to the employee stock ownership plan account on October 13, 2023 [4]. Lock-up Period and Unlocking Conditions - The second lock-up period for the employee stock ownership plan ended on October 16, 2025, after a 24-month period following the transfer of shares [6][7]. - The board confirmed that the performance assessment conditions for unlocking the shares were met, allowing 83 participants to unlock the shares, with adjustments made for one participant's poor performance and two departures [8][9]. Legal and Compliance Opinions - The legal opinion confirmed that the unlocking of shares complied with relevant regulations and that the necessary approvals were obtained [10]. - The management committee is authorized to distribute cash or transfer unlocked shares to participants' personal accounts as per the plan's provisions [10].