Shenzhen Agricultural Products Group concludes 2024 employee stock ownership plan

Shenzhen Agricultural Products Group announced the completion of its 2024 employee stock ownership plan, with all company shares held by the plan now disposed of. The company stated that as of December 26, 2025, the plan had sold all 6,770,700 shares. This included 2,842,833 shares transferred via non-transactional over-the-counter methods and 3,927,867 shares sold through concentrated bidding on the secondary market. The disposal adhered to market trading rules and regulations regarding information sensitive periods.

The 2024 employee stock ownership plan, approved by the company's Ninth Board of Directors, Ninth Board of Supervisors, and the Second Extraordinary General Meeting in 2024, completed its share purchases by November 20, 2024. The shares were subject to a 12-month lock-up period, which expired on November 19, 2025.

With all assets now converted to monetary funds, the plan has concluded its implementation phase. Shenzhen Agricultural Products Group will now proceed with property liquidation and distribution in accordance with relevant regulations, officially terminating the employee stock ownership plan.