Will Semi's 2023 employee stock ownership plan concludes and liquidates

Will Semiconductor Shanghai Co., Ltd. announced the expiration and termination of its 2023 employee stock ownership plan, which concluded on October 18, 2025. The plan, approved by the board on September 22, 2023, and by shareholders on October 10, 2023, saw the trust "Shaanguo Trust • Will Semiconductor 2023 Employee Stock Ownership Collective Fund Trust Plan" purchase 2,234,800 shares of the company's stock via block trading by October 18, 2023. This amounted to 0.19% of the company's total share capital at the time, at an average price of CNY 90.20 per share, totaling CNY 201,578,960 (excluding fees and stamp duty).

By April 16, 2025, the plan held 2,196,900 shares, representing 0.18% of the company's total share capital. As of the announcement date, all shares held under the plan have been sold. The company confirmed strict adherence to market trading rules and regulatory requirements, ensuring no insider trading occurred during the plan's implementation.

Following its termination, the company will proceed with the liquidation and distribution of assets in accordance with relevant regulations.