Core Viewpoint - Jiangsu Linyang Energy Co., Ltd. is announcing the impending expiration of its 2022 employee stock ownership plan, which is set to conclude in February 2026, and provides details regarding the plan's implementation and current status [1][2]. Group 1: Employee Stock Ownership Plan Details - The employee stock ownership plan was approved during the board and shareholder meetings held in January 2022, with a total investment of 120.76 million yuan, resulting in the acquisition of 21,956,999 shares at a price of 5.50 yuan per share [2][3]. - As of the announcement date, the plan holds 830,436 shares, representing 0.04% of the company's total share capital [4]. Group 2: Plan Duration and Termination - The plan has a duration of 48 months, starting from the approval date and the completion of the stock transfer to the plan's account. It will automatically terminate if not extended [5]. - The plan can be extended if two-thirds of the participating holders agree, and it can also be terminated early under specific conditions, such as the completion of asset liquidation [6][7]. Group 3: Ongoing Monitoring and Disclosure - The company will continue to monitor the implementation of the employee stock ownership plan and will fulfill its information disclosure obligations as required by law [7].