Eternal Asia completes first employee stock plan share sales

Shenzhen Eternal Asia Supply Chain Management Co., Ltd. (Eternal Asia) has completed the sale of all shares held under its first-phase medium- to long-term employee stock ownership plan. The plan, initially approved on May 13, 2022, had acquired 2,991,200 shares, representing 0.1152% of the company's total share capital. These shares were purchased through concentrated bidding in the secondary market at an average price of CNY 5.28 per share, totaling CNY 15,804,603.44 (excluding transaction fees).

The company confirmed that all shares have been sold as of the announcement date. Following the sale, Eternal Asia will proceed with the liquidation of assets and allocation of proceeds to participants in accordance with the plan's regulations.

Eternal Asia emphasized that during the implementation of the employee stock ownership plan, it strictly adhered to market trading rules and regulatory guidelines, ensuring no insider trading occurred.