JS Corrugating Machinery concludes employee stock plan sale

JS Corrugating Machinery Co., Ltd. has completed the sale of all shares held under its fourth phase employee stock ownership plan as of December 19, 2025. The plan, holding a total of 1,870,000 A-shares, representing 0.30% of the company's total share capital, were sold via centralized bidding. This concludes the plan, which was initially approved by the board of directors on April 26, 2024, and by shareholders on May 16, 2024.

The shares for the plan were transferred to the dedicated securities account on July 3, 2024, with the lock-up period commencing on July 4, 2024, and expiring on July 4, 2025. Upon the expiration of the lock-up period, 100% of the plan's shares became unlocked.

In accordance with regulatory guidelines and the plan's provisions, the sale has been finalized, and subsequent asset liquidation and distribution will proceed. The company confirmed that the transferees are not related parties or acting in concert with major shareholders or the actual controller, and the sale adhered to market rules and insider trading regulations.