Securities Code: 002373 Securities Abbreviation: Chinasoft International Announcement No.: 2026-029
Beijing Chinasoft International Co., Ltd.
Announcement on the Failure to Meet Performance Targets for the Second Vesting Period of the 2024 Employee Stock Ownership Plan
According to the "2025 Audit Report" issued by Allbright Certified Public Accountants (Special General Partnership) and the "Beijing Chinasoft International Co., Ltd. 2024 Employee Stock Ownership Plan (Draft)" (hereinafter referred to as the "2024 Employee Stock Ownership Plan (Draft)") regulations, the second vesting period performance targets for the 2024 Employee Stock Ownership Plan (hereinafter referred to as the "This Employee Stock Ownership Plan") have not been met. The details are as follows:
I. Vesting Period and Allocation Arrangement for This Employee Stock Ownership Plan
According to the "2024 Employee Stock Ownership Plan (Draft)", the duration of this Employee Stock Ownership Plan is 48 months, calculated from the date when the last batch of underlying shares is transferred to the stock ownership plan after the plan draft is deliberated and approved by the company's shareholders' meeting and announced by the company. If the term expires without extension, this Employee Stock Ownership Plan will terminate automatically. The lock-up period for this Employee Stock Ownership Plan is 12 months, calculated from the date when the last batch of underlying shares is transferred to the stock ownership plan after being announced by the company. During the lock-up period, any shares derived from company events such as stock dividends, capital reserve to increase share capital, rights issues, or convertible bond conversions shall also be subject to the aforementioned share lock-up arrangements. No trading of shares is permitted within the lock-up period. After the lock-up period expires, the Management Committee will sell the underlying shares held at an opportune time based on market conditions or distribute the equity rights by means of non-trading transfer of share rights to the individual securities accounts of the holders.
The performance assessment period for this Employee Stock Ownership Plan is from 2024 to 2026, with annual performance assessments. Based on the assessment results for each assessment year, the corresponding income rights of the holders' shares in this Employee Stock Ownership Plan will be allocated to the holders in three vesting periods. If the assessment results for each vesting period are met, the proportion of vested equity rights for each vesting period will be 30%, 30%, and 40% respectively. The details are as follows: