ST Zhengtong: 2021 stock plan nears expiration

Shenzhen Zhengtong Electronics (SZSE:002197) has issued a reminder that its 2021 Employee Stock Ownership Plan is approaching its expiration date of June 15, 2025. The plan, approved in 2021, involved the repurchase of 7,802,746 company shares, which were subsequently transferred to a dedicated employee stock ownership account. As of this announcement, the plan holds 2,340,848 shares, representing 0.38% of the company's total share capital. According to earlier statements, a committee has pledged to not reduce holdings of these shares for 12 months, until May 9th 2025. The committee will decide whether to sell the remaining shares, extend the plan, or implement other arrangements, in compliance with market regulations. The company will disclose further details as needed, urging investors to pay attention to further announcements.