Hundsun Technologies finalizes share transfer for 2025 employee stock plan

Hundsun Technologies Inc. announced today the completion of the non-trade transfer of shares for its 2025 employee stock ownership plan. On November 12, 2025, the company transferred 1,208,500 shares from its buyback dedicated securities account to the employee stock ownership plan account. The transfer was executed at a price of 18.990 yuan per share. As of the announcement date, the plan account holds 1,208,500 company shares, representing 0.0638% of the company's total share capital.

The 2025 employee stock ownership plan, approved by the company's shareholders on September 9, 2025, has a duration of 60 months. This period began on November 13, 2025, the day the last batch of company shares was transferred to the plan's account.

The shares acquired under this plan will be unlocked in three tranches: 12 months, 24 months, and 36 months after the commencement date. The unlocking ratios for each tranche are 30%, 30%, and 40%, respectively, with the final proportions and quantities dependent on the achievement of company-level performance targets and individual employee assessments.