Streamax completes second employee stock plan with full share sale

Streamax Technology announced today the completion of its second phase employee stock ownership plan, which saw all company shares held by the plan sold off. The plan, approved by shareholders on May 14, 2024, involved 1.04 million shares, representing 0.58% of the total share capital as of September 19, 2025. These shares were transferred to the dedicated employee stock ownership account on August 5, 2024, at a price of 12.71 yuan per share.

The 12-month lock-up period for these shares expired on August 6, 2025. Following the expiration, the plan proceeded to sell all its holdings through concentrated bidding on the secondary market. The company confirmed that throughout the plan's implementation, it adhered strictly to stock market trading rules and information disclosure regulations, avoiding any insider trading.

With all shares sold, the second employee stock ownership plan has transitioned to holding only monetary assets. Streamax Technology will now proceed with the necessary asset liquidation and profit distribution in accordance with legal regulations and the plan's terms, after which the plan will be officially terminated.