Truchum extends employee stock plan, appoints new committee member

Anhui Truchum Advanced Materials & Technology has extended the duration of its third employee stock ownership plan by 12 months, moving the new expiration date to March 5, 2026. This decision was approved at the company's board meeting on February 28, 2025, as the previous extension was nearing its end. As of the announcement date, the plan holds 1,850,959 company shares, representing 0.11% of the total share capital. The company affirmed its commitment to market trading rules and insider trading regulations.

In a related development, the company also announced a change to the Third Employee Stock Ownership Plan Management Committee. On October 21, 2025, Mr. Li Xu was elected to replace Mr. Lu Ronggui as a committee member. Mr. Lu stepped down due to personal reasons. Mr. Li Xu will serve until the plan's extended duration concludes on March 5, 2026, joining Mr. Wu Minghui and Mr. Zhang Hui on the committee.

The company confirmed that Mr. Li Xu does not hold positions with controlling shareholders or actual controllers, nor is he a director, senior management, or a shareholder holding 5% or more of the company's shares. Investors are advised to monitor future announcements regarding the disposal of remaining equity and potential investment risks.