FilingReader Intelligence
Jinyu Bio-Technology cancels 8.6m employee stock shares
July 29, 2025 at 05:00 AM UTC•By FilingReader AI
Jinyu Bio-Technology announced the cancellation of 8.62 million shares from its 2023 employee stock ownership plan, effective July 31, 2025.
The company failed to meet performance targets for the second unlocking period, with 2024 non-recurring net profit of RMB 49.49 million falling short of requirements.
An additional 102,000 shares will be repurchased from six resigned employees at RMB 6.23 per share.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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