Easyhome employee stock plan fails second lock-up unlock

Easyhome New Retail Group (SZSE:000785) announced that the unlocking conditions for the second lock-up period of its first employee stock ownership plan, which matured on March 24, 2025, were not achieved. The company's 2024 sales (GMV) grew by only 3.9% year-over-year to CNY 1,222 billion, falling short of the plan's target of at least 10% growth. As a result, the shares earmarked for this period, totaling zero, will be deferred to the third lock-up period. If the company's performance does not meet the targets by the fourth lock-up period, the shares will be forfeited and revert to the company. The initial lock-up period saw 8,603,433 shares unlocked, representing 0.14% of the company's total share capital.