杭州中恒电气股份有限公司关于第二期员工持股计划出售情况的公告

Core Viewpoint - The company has completed the sale of its second employee stock ownership plan, adhering to relevant regulations and ensuring transparency in the process [1][4]. Group 1: Employee Stock Ownership Plan Overview - The second employee stock ownership plan was approved by the company's board on November 16, 2021, and by the shareholders on December 2, 2021 [1]. - The stock for this plan was sourced from 13,111,100 shares held in the company's repurchase account, representing 2.33% of the total share capital [2]. - The plan has a duration of 48 months, with stock unlocking occurring in two phases after 12 and 24 months, each allowing for 50% of the shares to be unlocked [2]. Group 2: Sale and Distribution of Shares - The sale of shares from the employee stock ownership plan occurred from July 24, 2023, to November 24, 2025, through centralized bidding [4]. - The first lock-up period's performance targets were met, allowing for the distribution of cash assets based on individual performance [4]. - The second lock-up period's performance targets were not met, and the management committee will handle the liquidation and distribution of assets for this portion [5].