Truchum extends employee stock ownership plans

Anhui Truchum Advanced Materials & Technology (SZSE:002171) announced the resolutions passed at its Sixth Board of Directors' 31st meeting, held on February 28, 2025. Key among these was the approval to extend the duration of the company's third employee stock ownership plan by 12 months, pushing the expiration date to March 5, 2026. A similar extension was approved for the fourth employee stock ownership plan, moving its expiration to June 1, 2026. Both extensions are subject to early termination should all shares held under the respective plans be sold prior to the extended deadlines. The decisions reflect the board's confidence in the company's future prospects.