FilingReader Intelligence

Hangzhou XZB Tech completes, ends 2022 employee stock plan

February 18, 2025 at 07:51 AM UTCBy FilingReader AI

Hangzhou XZB Tech (SSE:603040) announced that its 2022 employee stock ownership plan has concluded following the sale of all 913,400 shares held under the plan. According to the company's statement, the sale was executed via centralized trading. The employee stock ownership plan, which originally acquired the shares at a price of 8.57 yuan per share, is now terminated, and the company will proceed with asset liquidation and distribution according to the plan's regulations. The plan was approved in 2022 with the intention of linking employee interests to the company's performance.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:603040Shanghai Stock Exchange

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