Zhejiang Runtu completes first employee stock plan transfer

Zhejiang Runtu Co., Ltd. announced the completion of the non-trading transfer for the first reserved grant of its 2025 employee stock ownership plan. On September 12, 2025, 1,300,000 shares of the company's repurchased stock were transferred to the "Zhejiang Runtu Co., Ltd. - 2025 Employee Stock Ownership Plan" account at a transfer price of 4.20 yuan per share.

The plan's first reserved grant involved 18 employees, who subscribed for 5,460,000 units, each at 1 yuan, totaling 5,460,000 yuan in subscription funds. The stock source for this transfer originated from the company's dedicated repurchase account, which acquired shares between July 23, 2024, and December 31, 2024. As of the announcement date, the employee stock ownership plan account holds 12,656,250 shares, representing 1.1260% of the company's total share capital.

The shares transferred will be unlocked in three tranches—40%, 30%, and 30%—after 12, 24, and 36 months, respectively, from the final transfer date, subject to company performance and participant assessment. The plan's total duration is 60 months from the final stock transfer date.