Himile completes 2025 employee stock ownership plan transfer

Shandong Himile Mechanical Science & Technology Co., Ltd. (Himile) announced the completion of the non-trade transfer for its 2025 employee stock ownership plan. The plan, approved by the board on October 13, 2025, and by shareholders on October 30, 2025, involved the transfer of 1,441,200 shares from the company's dedicated buyback securities account. These shares, valued at 30.00 yuan per share, represent 0.1802% of the company's current total share capital.

The shares for the 2025 plan originated from Himile’s share buyback program, which concluded on December 26, 2023. During this program, the company repurchased a total of 2,351,000 shares at an average price of 32.96 yuan per share, with a maximum of 34.57 yuan and a minimum of 28.97 yuan per share, totaling 77,484,379 yuan. The buyback was intended for future equity incentives or employee stock ownership plans.

The 2025 employee stock ownership plan has a duration of 36 months, with a lock-up period of 24 months, effective from the date of the last share transfer. The plan's participants collectively subscribed for 1,441,200 units, funded by their legitimate compensation and self-raised capital. No controlling shareholders, actual controllers, directors, or senior management participated.