Securities Code: 002947 Securities Abbreviation: Hengmingda Announcement No.: 2026-035
Suzhou Hengmingda Electronic Technology Co., Ltd. Announcement on the Completion of Non-Trading Transfer of the 2026 Employee Stock Ownership Plan
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or significant omissions.
Suzhou Hengmingda Electronic Technology Co., Ltd. (hereinafter referred to as the "Company") held its Fourth Board of Directors' Third Meeting and 2025 Annual Shareholders' Meeting on March 24, 2026, and April 13, 2026, respectively, and approved the "Proposal on the 2026 Employee Stock Ownership Plan (Draft)" and its summary. The Company agreed to implement the 2026 Employee Stock Ownership Plan (hereinafter referred to as the "Employee Stock Ownership Plan"). For details, please refer to the relevant announcements disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn) on March 26, 2026, and April 14, 2026.
In accordance with the "Guiding Opinions on Pilot Implementation of Employee Stock Ownership Plans by Listed Companies" and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guide No. 1 - Norms for the Operation of Main Board Listed Companies," the progress of the implementation of the Employee Stock Ownership Plan is hereby announced as follows:
I. Source and Quantity of Shares for the Employee Stock Ownership Plan
The source of shares for the Employee Stock Ownership Plan is the company's A-share common stock repurchased through the dedicated securities account for repurchases.
On February 2, 2024, the Third Board of Directors' Tenth Meeting deliberated and approved the "Proposal on the Company's Share Repurchase Plan." The Company planned to use its own funds to repurchase shares through centralized bidding for employee stock ownership plans or equity incentives. As of June 30, 2024, the Company had cumulatively repurchased 1,196,700 shares through centralized bidding transactions via the dedicated securities account for repurchases, accounting for 0.52% of the Company's total share capital at that time. The highest transaction price was RMB 27.15 per share, and the lowest transaction price was RMB 21.70 per share. The total transaction amount was RMB 30,002,481.84 (excluding transaction fees).
On April 8, 2025, and April 9, 2025, the Company held its Third Board of Directors' Twentieth Meeting and Twenty-First Meeting, respectively, and deliberated and approved the "Proposal on the Company's Share Repurchase Plan" and the "Proposal on Increasing the Total Capital for Share Repurchases." The Company planned to use its own funds to repurchase shares through centralized bidding for employee stock ownership plans or equity incentives. As of June 4, 2025, the Company had cumulatively repurchased 5,523,394 shares through centralized bidding transactions via the dedicated securities account for share repurchases, accounting for 2.16% of the Company's current total share capital. The highest transaction price was RMB 33.36 per share, and the lowest transaction price was RMB 25.88 per share. The total transaction amount was RMB 159,985,268.25 (excluding transaction fees).