Zhengzhou Coal's employee stock plan completes share transfer

Zhengzhou Coal Mining Machinery Group (now known as Zhongchuang Zhiling (Zhengzhou) Industrial Technology Group Co., Ltd.) announced the completion of the non-trading transfer of shares related to its 2025 employee stock ownership plan. The plan, approved by shareholders, involved 307 employees subscribing to a total of 279,708,930 shares, with a total subscription amount of CNY 279,708,930.00. Specifically, 39,120,130 A-shares were transferred at a price of CNY 7.15 per share to the employee stock ownership plan's securities account. As of the announcement date, the plan holds 39,120,130 of the company's A-shares, representing 2.19% of the total share capital. The shares will be unlocked in two phases, after 12 and 24 months, respectively, with each phase unlocking 50% of the shares. The final unlocking ratios and amounts depend on company performance metrics and individual performance reviews. The company plans to continue disclosing updates on the plan's implementation.