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Crystal-Optech employee share lock-up period to expire

October 14, 2025 at 05:16 PM UTCBy FilingReader AI

Zhejiang Crystal-Optech has announced that the first batch of shares under its eighth employee stock ownership plan will have their lock-up period expire on October 16, 2025, with an unlock date of October 17, 2025. This initial unlock comprises 300,000 shares, representing 0.02% of the company's total share capital. The remaining 450,000 shares will continue to be locked in accordance with relevant regulations.

The shares for this plan were acquired from the company's repurchased stock account, totaling 750,000 shares (0.05% of total share capital), at a price of 8.95 yuan per share. The plan's total duration is 48 months, starting from the share transfer date of October 17, 2024. Shares unlock in three tranches: 40% after 12 months, 30% after 24 months, and 30% after 36 months.

The plan's management committee will dispose of the first unlocked batch of shares based on individual performance assessments for 2024. Subsequent sales will follow market conditions, with proceeds distributed among participants. The plan will strictly adhere to market trading rules and information sensitivity period regulations.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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