Sunlord Electronics finalizes transfer for fifth employee stock plan

Shenzhen Sunlord Electronics has completed the non-trading transfer of 9,563,500 repurchased shares to its Fifth Employee Stock Ownership Plan account on September 8, 2025. These shares represent 1.19% of the company's total share capital, with a transfer price of CNY 14.435 per share. The plan's total subscribed capital amounted to CNY 13,806 million, within the approved limit.

The shares originated from two separate buyback programs. The first, completed by April 1, 2023, involved 8,264,480 shares at an average price of CNY 24.20 per share. The second, completed by August 9, 2024, saw 4,393,600 shares repurchased at an average price of CNY 24.73 per share. A total of 8,264,480 repurchased shares were allocated to employee stock ownership plans, with 2,406,900 shares transferred to the fourth plan and 5,857,580 shares to the fifth plan.

The Fifth Employee Stock Ownership Plan has a duration of 48 months and includes two unlocking periods at 12 and 24 months, with 50% of the shares unlocked at each period. All repurchased shares have been utilized according to the approved plan.