Stock Code: 002367 Stock Abbreviation: Kangli Elevator Announcement No.: 202622 Kangli Elevator Co., Ltd. Announcement Regarding the Approaching Expiration of the First Phase Employee Stock Ownership Plan's Duration
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Kangli Elevator Co., Ltd. (hereinafter referred to as the "Company") held its sixth Board of Directors meeting on August 24, 2025, and deliberated and passed the "Proposal on Extending the Duration of the First Phase Employee Stock Ownership Plan." It was agreed to extend the duration of the first phase employee stock ownership plan by 12 months, making the expiration date November 10, 2026. For details, please refer to the "Announcement on Extending the Duration of the First Phase Employee Stock Ownership Plan" (Announcement No.: 202542) disclosed by the Company on August 26, 2025, in the Securities Daily, Securities Times, Shanghai Securities News, and the CNINFO website (http://www.cninfo.com.cn).
Given that the extended duration of the Company's first phase employee stock ownership plan will expire on November 10, 2026, and in accordance with the "Guiding Opinions on the Pilot Implementation of Employee Stock Ownership Plans for Listed Companies" issued by the China Securities Regulatory Commission, the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guidelines No. 1—Normative Operation of Main Board Listed Companies," and the Company's "First Phase Employee Stock Ownership Plan (Draft) (Revised)," the relevant matters prior to the expiration of the first phase employee stock ownership plan's duration are hereby announced as follows:
I. Basic Information of the Company's First Phase Employee Stock Ownership Plan
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On November 11, 2016, the Company convened the 2016 Third Extraordinary General Meeting of Shareholders, which deliberated and approved the "Kangli Elevator Co., Ltd. First Phase Employee Stock Ownership Plan (Draft) and Summary" and related proposals. It was agreed to implement the employee stock ownership plan, and entrusted the "Dongwu Securities-China Merchants Bank-Kangli Elevator Employee Stock Ownership Plan Phase I Targeted Asset Management Plan" (hereinafter referred to as "Kangli Elevator Phase I") established by Dongwu Securities Co., Ltd. to manage the plan, which acquired and held the Company's shares through open market purchases.
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On May 11, 2017, the Company disclosed the "Announcement on the Completion of Increased Shareholding by the First Phase Employee Stock Ownership Plan." Kangli Elevator Phase I had cumulatively purchased 30,084,286 shares of the Company through the Shenzhen Stock Exchange trading system, with a transaction amount of RMB 419,236,074.12, and an average transaction price of approximately RMB 13.94 per share. The number of shares purchased accounted for 3.77% of the Company's total share capital at the time of the completion of the first phase employee stock ownership plan's purchase. These shares are subject to a lock-up period, which commenced on the date of this announcement, May 11, 2017, and will end on May 10, 2018, lasting for 12 months. The duration of this employee stock ownership plan is 36 months, calculated from the date the general meeting of shareholders approved the employee stock ownership plan and Kangli Elevator Phase I was established, i.e., from November 11, 2016, to November 10, 2019. For details, please refer to the relevant announcements disclosed by the Company on the CNINFO website (www.cninfo.com.cn).