Infore Environment postpones meeting, expands employee stock plan to CNY 50bn

Infore Environment Technology Group announced the postponement of its first extraordinary general meeting of shareholders for 2025, moving it from November 17, 2025, to November 24, 2025. This decision followed the board's fourteenth extraordinary meeting on November 12, 2025, which approved revisions to the company's third employee stock ownership plan.

The revisions include increasing the maximum fundraising amount to CNY 50,000,000,000 (from CNY 40,000,000,000) and adjusting the proposed share allocation among participants. The total number of participants is capped at 165, including 5 directors, supervisors, and senior executives.

The revised plan, which will be submitted for shareholder approval, details a 12-month lock-up period for acquired shares and a 60-month duration for the plan. Shares will primarily be sourced from secondary market purchases. The board also approved the cancellation of previous proposals related to the employee stock ownership plan due to these revisions and the inclusion of new proposals reflecting the updated plan. The equity registration date for the postponed meeting remains November 12, 2025.