Huatie Digital concludes first employee stock plan, liquidates shares

Zhejiang Haikong Nankehua Iron Digital Technology Co., Ltd. (formerly Zhejiang Huatie Emergency Equipment Science & Technology Co., Ltd.) has completed the sale of all shares held under its first employee stock ownership plan. The plan, approved on October 8, 2021, and with a 24-month duration, acquired 14,576,262 company shares through secondary market purchases.

The shares, representing 1.62% of the company's total share capital, were acquired at an average price of CNY 11.27 per share. These shares were subject to staggered lock-up periods of 12 and 24 months from the date of transfer to the plan's dedicated account. The plan's tenure was extended twice, first on September 11, 2023, and again on December 9, 2024.

With all shares now sold, the company confirms the plan adhered to market trading rules and regulatory guidelines, without engaging in insider trading. The first employee stock ownership plan is officially terminated, with subsequent asset liquidation and distribution to follow.