Jiangsu Eastern Shenghong: Employee stock plan approaches expiration

Jiangsu Eastern Shenghong announced that its third-phase employee stock ownership plan, approved in late 2022, will reach the end of its duration on March 15, 2026. This plan acquired 87,268,859 shares of the company's stock, representing 1.32% of the total share capital at the time of purchase.

The stock acquisition was completed by March 15, 2023, with a 12-month lock-up period ending March 15, 2024. As of the announcement date, the employee stock ownership plan has not sold any shares, maintaining its holding of 87,268,859 shares, which accounts for 1.32% of the company's total share capital (calculated based on 6,611,229,638 shares as of September 11, 2025).

The company will continue to monitor the implementation of this plan and fulfill its information disclosure obligations as required. The plan's duration can be extended if approved by two-thirds of the holders and the board of directors, particularly if stock liquidation cannot be completed by the expiration date.