Leyard Optoelectronic: Internal share transfer complete, ESOP enters new lock-up

Leyard Optoelectronic’s controlling shareholder, Mr. Li Jun, completed an internal transfer of 53,910,534 shares to his concerted action party, Lianian Technology. This represents 1.99% of the company's total share capital after deducting repurchased shares.

The transfer, executed via block trades between August 8, 2025, and September 24, 2025, constitutes a change in internal shareholding structure but does not alter the combined holding ratio or amount of Mr. Li Jun and his concerted action parties. The transfer, for personal asset planning, does not involve market-based reductions, trigger tender offers, or impact corporate control or governance.

Concurrently, the company's 2021 employee stock ownership plan (ESOP) has entered its third additional lock-up period, effective from September 9, 2025, to March 8, 2026. The ESOP, which acquired 20 million shares via a non-public transfer at 3.60 yuan per share on September 9, 2021, specifies staggered unlocking periods over 12, 36, and 48 months, with additional six-month lock-up periods following each scheduled unlock.

The internal share transfer, initially pre-disclosed on July 16, 2025, concluded earlier than planned, with no further transfers within the original duration. The ESOP update ensures transparency regarding its ongoing phases and future arrangements.