Antong Holdings announces third unlocking of employee stock plan

Antong Holdings announced the third unlocking period for its 2022 employee stock ownership plan, effective November 22, 2025. This unlocking involves 9,298,750 shares, representing 0.2197% of the company's total share capital. The 2022 plan's shares were acquired at a price of 4.033 yuan per share, with an initial lock-up period of 12 months.

The 2022 employee stock ownership plan, which acquired 37,195,000 A-shares, is structured with a total duration of 60 months and four unlocking periods, each releasing 25% of the shares. The first two unlocking periods, which concluded on November 22, 2023, and November 22, 2024, respectively, released a combined 18,597,500 shares, representing 0.4395% of the current total share capital.

The company's employee stock ownership plan management committee will determine the timing and quantity for selling these shares based on market conditions. The plan is subject to strict trading restrictions, including blackout periods around financial reporting dates.