Announcement on the First Grant of the 2023 Employee Stock Ownership Plan's Second Vesting Period Rights
Jiangxi Ganfeng Lithium Co., Ltd. (hereinafter referred to as "the Company") held the 69th meeting of the 5th Board of Directors and the 47th meeting of the 5th Supervisory Board on September 27, 2023, and convened the second extraordinary general meeting of shareholders on November 30, 2023, to review and approve the proposal regarding the "Draft of Jiangxi Ganfeng Lithium Co., Ltd. 2023 Employee Stock Ownership Plan" and related proposals, thereby agreeing to implement the 2023 Employee Stock Ownership Plan.
The lock-up period for the first grant of the 2023 Employee Stock Ownership Plan expired on January 14, 2025, and the Company will disclose the expiration of the lock-up period on January 15, 2025. In accordance with the "Guiding Opinions on Pilot Implementation of Employee Stock Ownership Plans by Listed Companies" and the "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Main Board Listed Companies," the Company hereby announces the vesting situation of the second vesting period of the first grant of the Employee Stock Ownership Plan as follows:
1. Basic Information of the Employee Stock Ownership Plan
The second extraordinary general meeting of shareholders held on November 30, 2023, reviewed and approved the proposal regarding the "Draft of Jiangxi Ganfeng Lithium Co., Ltd. 2023 Employee Stock Ownership Plan" and related proposals, thereby agreeing to implement the 2023 Employee Stock Ownership Plan. Specific details were published by the Company on December 1, 2023, on the Giant Tide Information Network at http://www.cninfo.com.cn.
On January 16, 2024, the Company disclosed the announcement regarding the completion of the purchase of shares under the first grant of the Employee Stock Ownership Plan. As of January 15, 2024, the Company had cumulatively purchased 7,167,467 shares of its A-shares through the Shenzhen Stock Exchange trading system, accounting for 0.36% of the total share capital. The highest purchase price was 45.60 yuan/share, the lowest was 38.22 yuan/share, and the average transaction price was 41.42 yuan/share, with a total transaction amount of approximately 296.85 million yuan. The funds were sourced from the special fund allocated for the 2023 Employee Stock Ownership Plan. The actual purchase situation of employees complies with the relevant content approved by the general meeting of shareholders. Thus, the stock purchase under the first grant of the 2023 Employee Stock Ownership Plan has been completed.
According to relevant regulations, the lock-up period for the first grant of the Employee Stock Ownership Plan is 12 months, starting from the completion date of the stock purchase, i.e., from January 15, 2024, to January 14, 2025. After the lock-up period expires, the Company will conduct assessments and vesting over four years according to the relevant provisions of the 2023 Employee Stock Ownership Plan, with each batch's vesting ratio being 25% of the total number of shares held.