Anhui Jinhe Industrial advances third employee stock ownership plan

Anhui Jinhe Industrial Co., Ltd. is implementing its third core employee stock ownership plan, as confirmed by a legal opinion from Anhui Tianhe Law Firm dated September 19, 2025. The plan, reviewed and approved by the seventh board of directors on September 11, 2025, aligns with regulatory guidelines and is designed to foster shared interest between employees and the company. The company also convened a Workers' Representative Meeting on September 8, 2025, to solicit employee opinions on the plan.

The stock ownership plan will be funded by employees' legal salaries, self-raised funds, and other legally permitted sources, with the company explicitly not providing loans or guarantees. The shares for the plan will be sourced from company stock repurchased into a dedicated account. The total scale of the plan will not exceed 18,000,000 shares, representing approximately 3.17% of the company's total share capital.

The plan has a duration of 36 months, with the lock-up period for the acquired shares lasting a maximum of 24 months from the date of transfer to the plan's name. Shares will be unlocked in two tranches, with 40% in the first period (after 12 months) and 60% in the second period (after 24 months). The company confirmed it has adhered to legal and regulatory procedures for information disclosure, with further shareholder approval pending.