Huatong Group’s employee stock plan achieves second unlocking period

Zhejiang Century Huatong Group's 2022 employee stock ownership plan has achieved its performance targets for the second unlocking period, which expires on September 14, 2025. The company's 2024 operating revenue reached 22,619,694,342.95 yuan, a 50.01% increase from 2021. Its non-recurring profit and loss after deducting stock-based compensation grew by 303.48% to 1,677,213,859.57 yuan. Both figures surpassed the 20% and 900% growth targets, respectively, set against 2021 benchmarks.

Following the achievement of company-level, organizational/departmental, and individual performance assessments, 27 participants in the employee stock ownership plan are eligible to unlock equity. This corresponds to an unlocked equity share of 32.207 million shares, representing 0.43% of the company's total share capital.

The employee stock ownership plan has a total duration of 60 months from the date of the last stock transfer. After the lock-up period expires, the participants' meeting will decide on the distribution of income, which will be handled by the management committee after deducting relevant taxes.