Jiayou International(SH:603871) Shang Hai Zheng Quan Bao·2025-12-18 19:14Core Viewpoint - The announcement details the completion of the first lock-up period for the 2024 employee stock ownership plan of Jiayou International Logistics Co., Ltd., indicating that the performance assessment criteria for unlocking shares have not been met [1][3]. Group 1: Employee Stock Ownership Plan Approval and Implementation - The 2024 employee stock ownership plan was approved during meetings held on July 29, 2024, and August 15, 2024, with a total of 35,047,591.72 shares allocated, corresponding to 3,068,966 shares, sourced from the company's repurchased shares [1][2]. - The shares were transferred to the employee stock ownership plan's account at a price of 11.42 yuan per share on December 17, 2024, with the plan's duration set for 60 months and shares to be unlocked in three phases [2]. Group 2: Performance Assessment and Results - The performance assessment for the first lock-up period includes both company-level and individual performance metrics, with the company-level performance assessment not meeting the required targets [3][4]. - The net profit for the year 2024 was reported at 1,276,417,070.88 yuan, with adjustments leading to a net profit of 1,294,677,636.77 yuan after excluding employee stock ownership plan costs, reflecting a growth rate of 24.63% compared to 2023 [4]. Group 3: Future Arrangements Post Lock-Up Period - Following the completion of the first lock-up period, the management committee will handle the shares in accordance with regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange [3].