Jolywood's employee stock ownership plan nears expiration

Jolywood (Suzhou) Sunwatt Co., Ltd. has announced that its third employee stock ownership plan is set to expire on September 16, 2025. The plan, initially approved in early 2020, involved the allocation of 2,947,220 shares repurchased by the company, later increasing to 7,426,994 shares due to equity distributions. As of this announcement, the plan holds 708,216 shares, representing 0.06% of the company's total share capital. Jolywood will determine whether to sell the remaining shares based on market conditions, adhering to trading regulations and blackout periods. The company affirmed its commitment to complying with market rules and disclosure requirements as the plan approaches its conclusion.