SHGBIT(SH:603918) Shang Hai Zheng Quan Bao·2026-01-23 20:45Core Viewpoint - The announcement details the upcoming expiration of the employee stock ownership plan (ESOP) of Shanghai Jinqiao Information Co., Ltd., which is set to end on July 29, 2026, and outlines the plan's performance and adjustments made since its inception [1][4]. Summary by Sections Employee Stock Ownership Plan Overview - The ESOP was approved in meetings held on February 28 and March 10, 2022, allowing 45 participants, including directors and key employees, to purchase shares at a price of 4.91 yuan per share, totaling up to 888,000 shares, which is 0.24% of the company's total share capital [1][3]. - The purchase price was later adjusted to 4.79 yuan per share due to a cash dividend distribution [2]. Performance and Adjustments - As of April 25, 2023, the company reported that the performance target for the ESOP, which required a net profit growth of at least 35% compared to 2020, was not met. The actual net profit for 2022 was 9.1864 million yuan, a decrease of 87.33% from 2020 [4]. - Consequently, the 887,983 shares associated with the ESOP will not be unlocked and will be managed by the ESOP management committee for future sale [4]. Extension of the ESOP - The board approved a 12-month extension of the ESOP, moving the expiration date to July 29, 2025, based on market conditions and the company's situation [5]. - As of the announcement date, the company had sold 822,983 shares from the ESOP, representing 0.23% of the current total share capital, leaving 65,000 shares, or 0.02%, still held [5]. Compliance and Regulations - The ESOP will adhere to market trading rules and regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange, including restrictions on trading during sensitive periods [6].