Wingtech Technology establishes management committee for 2025 ESOP

Wingtech Technology Co., Ltd. held the first meeting of holders for its 2025 employee stock ownership plan (ESOP) via teleconference on November 18, 2025. All 99 eligible holders participated, representing 32,746,834 units of the ESOP, or 81.85% of the total, excluding reserved portions. The meeting complied with all relevant regulations and the company's ESOP rules.

Key resolutions passed included the establishment of a management committee for the 2025 ESOP, which will oversee its daily operations and supervise the plan. Three members, Wen Dejing, Wu Min, and Bao Zibin, were elected to the committee, with one serving as director. All resolutions, including the election of committee members, received unanimous approval.

The meeting authorized the newly formed management committee to handle various aspects of the 2025 ESOP. This includes calling holder meetings, supervising daily management, exercising shareholder rights, signing related agreements, managing holder equity disposal, deciding on the allocation of unpurchased or recovered shares, and managing profit distribution upon the end of the lock-up period. The committee is also empowered to extend the ESOP's duration, handle share registration, and arrange for share reductions. This authorization remains valid from the approval date until the plan's termination.