Zhejiang JIULI completes transfer for 2025 employee stock plan

Zhejiang JIULI Hi-tech Metals Co., Ltd. successfully completed the non-trading transfer of shares for its first 2025 employee stock ownership plan (ESOP) on December 24, 2025. A total of 18,003,377 A-share company shares, sourced from the company's dedicated repurchase account, were transferred to the ESOP's special securities account at a price of 13.66 yuan per share. This transfer represents 1.84% of the company's total share capital.

The ESOP, approved by the board on November 17, 2025, and by shareholders on December 5, 2025, saw participation from 942 employees. The actual subscribed amount for the ESOP was 204,291,447 units, totaling 204,291,447 yuan, which is within the approved subscription limit. Following the transfer, the company's dedicated repurchase account now holds 10,540,000 shares, accounting for 1.08% of the total share capital.

The plan has a duration of 60 months and a lock-up period of 12 months, commencing from the date the last batch of underlying shares is transferred to the ESOP. The company stated that the ESOP's funding comes from employees' legal salaries and self-raised funds, without financial assistance or guarantees from the company.