Stock Code: 300918 Stock Abbreviation: Nanshan Zhishang Announcement No.: 2026-005 Shandong Nanshan Zhishang Technology Co., Ltd. Announcement on the Completion of Non-Trading Transfer of the First Tranche of the 2025 Employee Stock Ownership Plan
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
Shandong Nanshan Zhishang Technology Co., Ltd. (hereinafter referred to as the "Company" or "Nanshan Zhishang") held its 16th Board of Directors meeting and the 2025 Second Extraordinary Shareholders' Meeting on September 23, 2025, and October 10, 2025, respectively. The meetings deliberated and approved the "Proposal on the '2025 Employee Stock Ownership Plan (Draft) and its Summary'" and the "Proposal on the '2025 Employee Stock Ownership Plan Management Measures'", among other related proposals. For specific details, please refer to the relevant announcements disclosed by the Company on Juchao Information Network (http://www.cninfo.com.cn) on September 24, 2025, and October 10, 2025.
In accordance with the "Guiding Opinions on the Pilot Implementation of Employee Stock Ownership Plans for Listed Companies" issued by the China Securities Regulatory Commission and the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 2 - Standardized Operation of GEM Listed Companies", the progress of the Company's 2025 Employee Stock Ownership Plan (hereinafter referred to as 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 ordinary shares of A-shares held in the Company's dedicated repurchase account.
On September 20, 2023, the Company convened its 18th meeting of the Second Board of Directors and the 15th meeting of the Second Supervisory Board, which deliberated and approved the "Proposal on the Share Repurchase Plan". The Company agreed to use its own funds to repurchase a portion of its shares (ordinary shares of RMB, A-shares) through centralized bidding transactions for the implementation of the employee stock ownership plan or equity incentives. As of November 7, 2023, the Company's share repurchase plan has been completed. The Company has cumulatively repurchased 5,369,100 shares through its dedicated share repurchase account via centralized bidding, accounting for 1.49% of the Company's total share capital. The highest transaction price was RMB 11.48 per share, and the lowest transaction price was RMB 10.73 per share, with a total transaction amount of RMB 59,990,103.87 (excluding transaction fees). For specific details, please refer to the relevant announcements disclosed by the Company on Juchao Information Network (http://www.cninfo.com.cn).
The number of shares transferred through non-trading transfer for the first tranche of the Employee Stock Ownership Plan is 4,299,100 shares (excluding the reserve portion), accounting for 0.85% of the Company's current total share capital. This portion of shares is entirely sourced from the aforementioned repurchased shares.
II. Account Opening, Subscription, and Non-Trading Transfer of the Employee Stock Ownership Plan
(I) Account Opening
As of the disclosure date of this announcement, the Company has opened a dedicated securities account for the Employee Stock Ownership Plan with China Securities Depository and Clearing Corporation Limited Shenzhen Branch. The securities account name is "Shandong Nanshan Zhishang Technology Co., Ltd. - 2025 Employee Stock Ownership Plan", and the securities account number is "0899504737".