Sinocare's third employee stock plan: first lock-up period expires in November 2025

Sinocare Biological Sensing Co., Ltd. announced that the first lock-up period for its third employee stock ownership plan will expire on November 13, 2025. This plan involved 3,000,000 of the company's A-shares, equivalent to 0.53% of the total share capital at the time of transfer. The shares were transferred to the dedicated account on November 12, 2024, at a price of 25.69 yuan per share.

Upon expiration of the first lock-up period, 12.50% of the total shares in the plan, amounting to 375,000 shares, will become eligible for unlocking. These shares represent 0.07% of the company's current total share capital. The employee stock ownership plan has a total duration not exceeding 120 months, with a maximum lock-up period of 96 months.

The plan's shares are scheduled to be unlocked in eight tranches, each representing 12.50% of the total, at intervals of 12, 24, 36, 48, 60, 72, 84, and 96 months from the date of the final share transfer. The management committee will decide on the sale of shares and equity distribution based on market conditions and plan rules, while adhering to regulatory blackout periods for trading.