Changzhou Guangyang Axle Co., Ltd. (hereinafter referred to as "the Company") issued this announcement regarding the completion of the non-transaction transfer of the reserved grant portion of the 2025 Employee Stock Ownership Plan (hereinafter referred to as "the Plan").
The Company held its third meeting of the fifth board of directors on April 2, 2025, and the first meeting of the fifth supervisory board on April 18, 2025. The Plan was approved at the first extraordinary general meeting of shareholders on October 29, 2024, and the first extraordinary board meeting on November 20, 2024.
I. The Number and Source of Shares Reserved for the Employee Stock Ownership Plan
The shares reserved for the employee stock ownership plan are sourced from the Company's own repurchased shares. As of December 20, 2025, the total number of shares reserved for the employee stock ownership plan is 388,888.76 shares, accounting for 0.69% of the total share capital of the Company. The current price per share is 6.46 yuan.
II. The Status of the Employee Stock Ownership Plan
- The Company has established a dedicated account for the employee stock ownership plan, which is managed by the Company’s designated personnel.
- The employee stock ownership plan is aimed at enhancing the Company's continuous development and talent retention. The total number of shares reserved for the employee stock ownership plan is 388,888.76 shares, with a corresponding amount of 2,512,220.47 yuan.