Himile employee stock plan lock-up period ending December 2025

Shandong Himile Mechanical Science & Technology Co., Ltd. announced that the lock-up period for its 2023 employee stock ownership plan will expire on December 28, 2025. The plan, approved by shareholders on September 15, 2023, involved 909,800 shares of the company's A-shares, representing 0.1137% of the total share capital. These shares were transferred from the company's repurchased securities account on December 27, 2023.

The stock ownership plan has a total duration of 36 months, starting from the last transfer of shares on December 29, 2023. Following the expiration of the 24-month lock-up period, the management committee will liquidate and distribute the assets to participants in proportion to their holdings, or transfer the shares directly to individual accounts.

The announcement also outlines specific periods during which the employee stock ownership plan cannot trade company shares, including 15 days prior to annual and semi-annual report announcements, and 5 days prior to quarterly report, performance forecast, or express report announcements. The plan's duration can be extended if approved by two-thirds of the participants.