Stock Ownership and Lock-up Period
The shares for this employee stock ownership plan were repurchased from the company's dedicated securities account. On February 27, 2025, the company received a confirmation from the Shenzhen branch of China Securities Depository and Clearing Co., Ltd., stating that 920,000 shares were transferred to the "Zhejiang Chunhui Intelligent Control Co., Ltd. - First Employee Stock Ownership Plan" account on February 26, 2025, at a transfer price of 6.31 yuan per share, accounting for 0.45% of the total share capital.