Etron(SH:603380) Shang Hai Zheng Quan Bao·2025-11-07 21:19Core Viewpoint - The announcement details the completion of the first lock-up period for Suzhou Yidelong Technology Co., Ltd.'s 2024 employee stock ownership plan, which will unlock a total of 912,040 shares, representing 0.57% of the company's total share capital [4][5]. Group 1: Implementation Progress of the Employee Stock Ownership Plan - On September 20, 2024, the company held its fourth board meeting, approving the draft and management measures for the 2024 employee stock ownership plan [2]. - On October 8, 2024, the company convened a temporary shareholders' meeting, which also approved the employee stock ownership plan [2]. - On October 24, 2024, the first meeting of the employee stock ownership plan holders was held, establishing a management committee for the plan [2]. Group 2: Lock-up Period and Unlocking Conditions - The employee stock ownership plan has a duration of 60 months, with shares unlocking in three phases: 40% after 12 months, 30% after 24 months, and 30% after 36 months [3]. - The first lock-up period has ended, allowing for the unlocking of 912,040 shares, which is 0.57% of the total share capital [4]. Group 3: Subsequent Arrangements and Trading Restrictions - Following the end of the first lock-up period, the management committee will decide on the sale or transfer of the vested shares to the holders, subject to tax deductions [5]. - The employee stock ownership plan will adhere to strict trading restrictions, including prohibitions on trading during specific periods related to financial reporting and significant events [5][6].