CVTE(SZ:002841) Shang Hai Zheng Quan Bao·2025-11-21 19:47Core Viewpoint - The company has successfully met the unlocking conditions for the first lock-up period of its 2024 employee stock ownership plan, allowing for the release of 2,550,362 shares, which represents 0.37% of the total share capital [12][8][6]. Group 1: Employee Stock Ownership Plan Implementation - The employee stock ownership plan was approved during meetings held on August 26, 2024, and September 11, 2024, with relevant announcements made on August 27 and September 12, 2024 [1]. - The plan involves three batches of stock unlocks, with the first batch unlocking 40% of the total shares held under the plan after 12 months from the last transfer date [2]. Group 2: Performance Assessment - The company's 2024 revenue reached approximately 22.40 billion yuan, reflecting an 11.05% increase from 2023, which falls within the target range for revenue growth [3][4]. - The overall unlocking ratio based on company performance is calculated at 86.83% [5]. Group 3: Individual Performance Evaluation - Out of 240 potential participants, 226 remain eligible for the plan, with 221 achieving performance ratings of A/B, resulting in a 100% unlocking ratio for this group, while 5 individuals rated C will have a 90% unlocking ratio [5]. - The total number of shares eligible for unlocking based on individual performance is 2,550,362 [6]. Group 4: Future Arrangements - The management committee will determine the timing and method for disposing of the unlocked shares in accordance with the plan's regulations [7]. - The employee stock ownership plan will adhere to market trading rules and relevant regulations from the China Securities Regulatory Commission and the Shenzhen Stock Exchange [7]. Group 5: Board Review - The board's remuneration and assessment committee confirmed that the unlocking conditions have been met and that the decision-making process was compliant with regulations, ensuring no harm to the interests of shareholders [8][12].