Zhejiang Precision Integrated Technology Co., Ltd. (hereinafter referred to as the "Company") announces that the first lock-up period of the 2024 Employee Stock Ownership Plan (hereinafter referred to as the "Plan") expired on November 7, 2025. According to relevant regulations from the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange, as well as the performance assessment results for the year 2024, the unlocking conditions for the first lock-up period were not met. The details are as follows:
1. Basic Information of the Employee Stock Ownership Plan
(1) Approval and Implementation of the Plan
The Company held the second meeting of the ninth board of directors and the second meeting of the ninth supervisory board on September 11, 2024, and convened the second extraordinary general meeting of shareholders on October 10, 2024, to review and approve the proposal regarding the "2024 Employee Stock Ownership Plan (Draft)" and related proposals, thereby agreeing to implement the Plan. Specific details can be found in the announcements published by the Company on September 12, 2024, and October 11, 2024, in the Securities Times and on the Giant Tide Information Network (http://www.cninfo.com.cn). According to the relevant provisions of the "2024 Employee Stock Ownership Plan," the shares for the Plan are sourced from the Company's repurchased shares held in a special account. On November 7, 2024, the Company received the "Securities Transfer Registration Confirmation" issued by the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited, confirming that 7,390,000 shares of the Company had been transferred to "Zhejiang Precision Integrated Technology Co., Ltd. - 2024 Employee Stock Ownership Plan" at a transfer price of 7.88 yuan per share. As of the date of this announcement, the securities account of the 2024 Employee Stock Ownership Plan holds 7,390,000 shares, accounting for 1.42% of the Company's total share capital. Specific details can be found in the announcement published by the Company on November 8, 2024, in the Securities Times and on the Giant Tide Information Network regarding the completion of the non-trading transfer of the stock ownership plan.