Ninestar's employee stock plan completes first lock-up period

Ninestar Corporation’s first phase of its employee stock ownership plan, part of the medium-to-long-term business partner program, reached the end of its first lock-up period on December 13, 2025. This plan, approved by the board and shareholders in early 2024, involved 4,928,500 shares, representing 0.35% of the company's total share capital, transferred to the plan's securities account on December 13, 2024. The lock-up period for these shares was 12 months, starting from the last transfer date to the plan's account.

Following the expiration of the lock-up period, the management committee will decide whether to sell the shares based on market conditions or distribute them to participants according to the plan's vesting and assessment arrangements. The vesting of the shares is staggered over three accounting years (2024-2026), with distributions of 30%, 30%, and 40% after 12, 24, and 36 months, respectively, from the last transfer date of shares to the plan.

The company emphasizes that the plan adheres to strict market trading rules, prohibiting share transactions during sensitive periods such as 15 days before annual and semi-annual reports, 5 days before quarterly reports, and during major events that could significantly impact stock prices.