Kaisha (China) Culture Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
The Company held the 14th meeting of the 8th Board of Directors and the 12th meeting of the 8th Supervisory Board on April 24, 2025, and the annual general meeting of shareholders on May 20, 2025, where relevant proposals regarding the "2025 Employee Stock Ownership Plan (Draft)" and its summary were approved. Specific details can be found in the announcements disclosed on April 28, 2025, in the "Securities Times," "China Securities Journal," "Shanghai Securities Journal," "Securities Daily," and on the Giant Tide Information Network (http://www.cninfo.com.cn).
According to the relevant provisions of the "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Guiding Opinions on the Pilot Implementation of Employee Stock Ownership Plans by Listed Companies," and "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange," the first lock-up period of the Company's 2025 Employee Stock Ownership Plan (hereinafter referred to as "this Employee Stock Ownership Plan") will expire on June 4, 2026. The relevant situation is announced as follows:
1. Shareholding Situation of this Employee Stock Ownership Plan
The shares for this Employee Stock Ownership Plan are sourced from the Company's repurchased A-share common stock held in a dedicated repurchase securities account. On June 3, 2025, 8,627,600 shares of the Company's repurchased stock held by the "Kaisha (China) Culture Co., Ltd. Repurchase Securities Account" were transferred to "Kaisha (China) Culture Co., Ltd. - 2025 Employee Stock Ownership Plan" through a non-trading transfer at a price of 1.28 yuan per share. Specific details can be found in the announcement titled "Completion of Non-Trading Transfer of the 2025 Employee Stock Ownership Plan" disclosed by the Company on June 4, 2025.