Wondershare employee stock plan nears first unlocking

Wondershare Technology Group Co., Ltd. announced that the lock-up period for its 2024 Employee Stock Ownership Plan will expire on November 4, 2025. The plan's shares, totaling 462,700, were acquired through a non-trade transfer from the company's dedicated buyback securities account on November 4, 2024, at a price of 40.00 yuan per share.

The plan, approved by the board of directors and shareholders in late 2024, has a total existence period of 60 months and a lock-up period of 12 months. Upon expiration of the lock-up, the first tranche of 231,350 shares, representing 50% of the total plan shares and 0.12% of the company's total share capital, will become eligible for unlocking.

Shares will be unlocked in three tranches: 50% after 12 months, 30% after 24 months, and 20% after 36 months from the lock-up base date. The management committee will arrange for the sale of unlocked shares and distribution of proceeds, after deducting taxes, based on participants' ownership ratios, while adhering to market trading rules and regulatory blackout periods.