浙江皇马科技股份有限公司 关于终止公司第三期员工持股计划的公告

Core Viewpoint - Zhejiang Huangma Technology Co., Ltd. has decided to terminate its third employee stock ownership plan due to low employee subscription interest and unfavorable market conditions, aiming to protect the interests of the company, shareholders, and employees [4][5]. Summary by Sections 1. Announcement of Termination - The board of directors held a meeting on December 2, 2025, where the decision to terminate the third employee stock ownership plan was made, with all attending directors voting in favor [1][6]. 2. Background of the Employee Stock Ownership Plan - The third employee stock ownership plan was initially approved in meetings held on November 10 and November 26, 2025, but had not yet completed the signing of subscription agreements or the payment of subscription funds by employees [3][4]. 3. Reasons for Termination - The company cited low employee interest in participating in the plan, influenced by the current capital market environment, incentive pricing, lock-in periods, and assessment requirements. Continuing the plan was deemed unlikely to achieve its intended motivational effects [4]. 4. Impact of Termination - The termination of the plan is not expected to significantly affect the company's strategic development, operational planning, or financial status. The company remains open to launching a new employee stock ownership plan within three months, depending on market conditions and employee willingness [5]. 5. Approval Process for Termination - The termination decision requires further approval from the company's shareholders, with a meeting scheduled for December 18, 2025, to discuss this and other matters [6][18].