Fujian Longking's eighth employee stock plan concludes share sales

Fujian Longking Environmental Protection Co., Ltd. (stock code: 600388) has confirmed the complete sale of all shares held under its eighth employee stock ownership plan. The plan, which had its extended duration expire, is now officially terminated following the liquidation process in accordance with the company's management rules.

The eighth employee stock ownership plan was initially approved on September 11, 2014, with the full scheme implemented in ten phases. The plan acquired a total of 8,132,600 shares on June 7, 2021, through block trades, comprising 3,660,700 shares from the third plan and 4,471,900 shares from the fourth. The shares were subject to a 24-month lock-up period, unlocking on June 8, 2023.

The plan's original 48-month duration was set to expire on June 6, 2025. However, on June 6, 2025, the company's tenth board of directors approved a six-month extension, pushing the termination date to December 6, 2025. With the successful sale of all shares, the plan has now concluded.