Zhejiang Jiemei completes transfer for 2025 employee stock ownership plan

Zhejiang Jiemei Electronic & Technology Co., Ltd. announced the completion of the non-trading transfer of shares for its 2025 employee stock ownership plan on November 6, 2025. The plan, approved by the board on August 12, 2025, and by shareholders on September 4, 2025, involved the transfer of 3,565,000 shares from the company's dedicated buyback securities account to its employee stock ownership plan account.

The transferred shares represent 0.8273% of the company's current total share capital, with a transfer price of CNY 13.10 per share. These shares originated from the company's previous buyback program, which accumulated 4,957,500 shares at a total cost of CNY 100,982,842.36 (excluding transaction fees), with prices ranging from CNY 16.81 to CNY 22.60 per share. The actual usage of these shares aligns with the original purpose of the buyback scheme.

The 2025 employee stock ownership plan saw 79 participating employees subscribe for 46,701,500.00 units, totaling CNY 46,701,500.00 in subscription funds. The plan's participants include two directors (excluding independent directors) and senior management, who are considered related parties.