Sinocera completes third employee stock plan share sales

Shandong Sinocera Functional Material Company Limited (Sinocera) announced on November 13, 2025, that its Third Phase Employee Stock Ownership Plan has completed the sale of all company shares held. The plan, which began share acquisition through centralized bidding on May 6, 2024, purchased 3,619,449 shares, representing 0.36% of the company's total share capital. The total transaction amount for the acquisition was CNY 70,385,898.47, with an average purchase price of CNY 19.45 per share.

The lock-up period for these shares was 18 months, commencing from May 6, 2024, and ending on November 5, 2025. Following the lock-up period, the plan sold all acquired shares through centralized bidding transactions, with the final sales completed by November 11, 2025.

Sinocera confirmed that during the implementation of the employee stock ownership plan, the company adhered to market trading rules and regulations regarding trading during sensitive periods, ensuring no insider information was used. The company will now proceed with the liquidation of relevant assets and allocate distributions based on participants' holdings.