中山大洋电机股份有限公司关于2024年员工持股计划第一个锁定期届满暨解锁条件成就的提示性公告

Core Viewpoint - The announcement details the completion of the first lock-up period for the 2024 employee stock ownership plan of Zhongshan Dayang Electric Co., Ltd, indicating that the conditions for unlocking shares have been met based on company performance and individual assessments [1][3]. Group 1: Employee Stock Ownership Plan Approval and Implementation - The employee stock ownership plan was approved during board meetings on August 2, 2024, and September 13, 2024, with details published on August 6 and September 14, 2024 [1]. - The company transferred 5,862,500 shares to the employee stock ownership plan account, representing 0.24% of the total share capital at that time [2]. Group 2: Unlocking Conditions and Share Details - The first lock-up period for the employee stock ownership plan will end on December 9, 2025, with shares unlocking in three phases: 40%, 30%, and 30% at 12, 24, and 36 months respectively [3]. - A total of 2,345,000 shares can be unlocked at the company level, while 2,335,096 shares meet individual performance criteria, accounting for 0.09% of the total share capital [4]. Group 3: Future Arrangements and Compliance - The management committee will decide on the timing for selling unlocked shares, adhering to market trading rules and regulations regarding sensitive periods [6]. - The employee stock ownership plan has a duration of 48 months, with provisions for early termination or extension based on specific conditions [7]. Group 4: Changes and Termination of the Plan - Any changes to the employee stock ownership plan require approval from two-thirds of the participating holders and the board of directors [8]. - The plan will terminate automatically after the duration unless extended by a two-thirds majority agreement from holders [9].