The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Shenzhen Jinlei Technology Co., Ltd. (hereinafter referred to as "the Company") held the 17th meeting of the sixth board of directors on May 26, 2026, and reviewed and approved the proposal regarding the expiration of the lock-up period and the achievement of unlocking conditions for the 2025 Employee Stock Ownership Plan. According to the relevant provisions of this employee stock ownership plan, the first lock-up period for the shares granted under the 2025 Employee Stock Ownership Plan expired on May 23, 2026. The board believes that the unlocking conditions for the first lock-up period have been met, and the relevant situation is announced as follows:
Basic Situation of the 2025 Employee Stock Ownership Plan
(1) Approval Process
On March 27, 2025, the Company held the 8th meeting of the sixth board of directors, where it reviewed and approved the proposal on the draft and summary of the "2025 Employee Stock Ownership Plan" and the proposal on the "Management Measures for the 2025 Employee Stock Ownership Plan." On the same day, the Company held the 7th meeting of the sixth supervisory board, which also reviewed and approved the aforementioned proposals.
On April 23, 2025, the Company held the annual general meeting of shareholders for 2024, where it reviewed and approved the proposals on the draft and summary of the "2025 Employee Stock Ownership Plan," the "Management Measures for the 2025 Employee Stock Ownership Plan," and the proposal to authorize the board to handle matters related to the 2025 Employee Stock Ownership Plan.
On May 22, 2025, the Company held the first meeting of the holders of the 2025 Employee Stock Ownership Plan, agreeing to establish the management committee for the 2025 Employee Stock Ownership Plan, electing three members of the committee, and authorizing the committee to handle all matters related to this employee stock ownership plan.
On May 26, 2025, the Company held the second meeting of the management committee for the 2025 Employee Stock Ownership Plan, where it reviewed and approved the proposal to adjust the reserved shares of the 2025 Employee Stock Ownership Plan within the authorization scope of the 2024 annual general meeting.
On May 26, 2025, the Company received the "Securities Transfer Registration Confirmation" issued by the Shenzhen branch of China Securities Depository and Clearing Corporation, confirming that 2,128,600 shares in the "Jinlei Technology Co., Ltd. Repurchase Special Securities Account" were transferred to the "Jinlei Technology Co., Ltd. - 2025 Employee Stock Ownership Plan" special account through non-trading transfer on May 23, 2025. The transfer quantity accounted for 0.66% of the Company's total equity, with a transfer price of 11.53 yuan/share.
On August 15, 2025, the Company held the third meeting of the remuneration and assessment committee of the sixth board of directors, where it reviewed and approved the proposals on adjusting matters related to the 2025 Employee Stock Ownership Plan and the distribution of reserved shares for the 2025 Employee Stock Ownership Plan.