YUTO Packaging completes 2025 employee stock plan transfer

Shenzhen YUTO Packaging Technology Co., Ltd. (YUTO) announced the completion of the non-trading transfer of 16.51 million shares for its 2025 employee stock ownership plan. These shares, representing 1.79% of the company's total share capital, were transferred on November 4, 2025. The transfer price was RMB 12.17 per share, adjusted from the original RMB 12.60 due to a cash dividend distribution on September 23, 2025.

The plan's funding, totaling RMB 200,926,700.00, was contributed by 394 participating employees through legal compensation, self-raised funds, and other legally permitted means. The company confirmed no financial assistance was provided to participants. Shares acquired under the plan are subject to a 12-month lock-up period, commencing from the final share transfer date, with subsequent tranches released at 12, 24, and 36 months based on performance targets.

YUTO's controlling shareholder and actual controller did not participate in this employee stock ownership plan. The plan is structured with independent management, and no consistency in action agreements or related arrangements exist among participants or with other existing plans. The accounting treatment for this plan will follow "Accounting Standard for Business Enterprises No. 11 – Share-based Payment," with the final impact on operating results to be confirmed by the annual audit report.