Announcement on the Expiration of the Second Lock-up Period of the 2024 Employee Stock Ownership Plan
Zhejiang Tianyu Pharmaceutical Co., Ltd. (hereinafter referred to as "the Company") announces that the second lock-up period of the "2024 Employee Stock Ownership Plan" (hereinafter referred to as "this Employee Stock Ownership Plan" or "the Plan") will expire on May 28, 2026. The Board of Directors and all directors of the Company guarantee that the content of this announcement does not contain false records, misleading statements, or major omissions, and bear individual and joint responsibility for the authenticity, accuracy, and completeness of its content.
1. Basic Information of the Employee Stock Ownership Plan
(1) Basic Information of the Employee Stock Ownership Plan
The Company held the sixth meeting of the fifth Board of Directors and the sixth meeting of the fifth Supervisory Board on February 21, 2024, to review and approve the proposals regarding the "Draft of the 2024 Employee Stock Ownership Plan of Zhejiang Tianyu Pharmaceutical Co., Ltd." and its summary, as well as the "Management Measures for the 2024 Employee Stock Ownership Plan." The Company held its first extraordinary general meeting of shareholders in 2024 on March 11, 2024, to approve the aforementioned proposals. Specific details can be found in the relevant announcements disclosed by the Company on the Giant Tide Information Network (www.cninfo.com.cn).