Guoxuan High-Tech employee stock plan's first lock-up period ends

Guoxuan High-Tech's Fourth Phase Employee Stock Ownership Plan's first lock-up period for the initial grant of shares to Type II participants is set to expire on December 25, 2025. This marks a significant milestone for the 468 participants who initially subscribed to 93,090,000 units, corresponding to 8,025,000 shares, at a total of 93,090,000 yuan. The original per-share subscription price of 11.70 yuan was adjusted to 11.60 yuan per share, and a subsequent adjustment for pre-allotted shares changed the price to 11.50 yuan per share.

The plan's first unlockable portion represents 40% of the total Type II participant holdings, equivalent to 2,882,000 shares. Unlocking is contingent upon the achievement of company-level performance targets, including a 50% net profit growth or a 30% operating revenue growth in 2024, using 2023 as the base year, along with individual performance assessments. The plan is designed to remain in effect for up to 60 months from the final share transfer date, with provisions for early termination or extension under specific conditions.