Haite High-tech: Announcement on the expiration of the first lock-in period of the 2025 Employee Stock Ownership Plan and the achievement of unlocking conditions
Securities code: 002023 Securities abbreviation: Haite High-tech Announcement number: 2026-034
Sichuan Haite High-tech Co., Ltd.
About the first lock-in period of the Employee Stock Ownership Plan in 2025
Announcement on expiration and unlocking of conditional achievements
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and that there are no false records, misleading statements or major omissions.
The first lock-in period of the 2025 Employee Stock Ownership Plan (hereinafter referred to as the “Employee Stock Ownership Plan”) of Sichuan Haite High-tech Co., Ltd. (hereinafter referred to as the “Company”) expires on August 29, 2026. In accordance with the "Guiding Opinions on the Pilot Implementation of Employee Stock Ownership Plans by Listed Companies", "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 1 - Standardized Operations of Main Board Listed Companies" and other relevant laws, administrative regulations, departmental rules, normative documents and relevant business rules of the Shenzhen Stock Exchange, the relevant information is hereby announced as follows:
1. Review and implementation of the employee stock ownership plan
(1) The company held the third meeting of the ninth board of directors on August 6, 2025, and held the first extraordinary shareholders' meeting of 2025 on August 22, 2025, which reviewed and approved the "Proposal on the Company's 2025 Employee Stock Ownership Plan (Draft)" and its Summary, the "Proposal on the Company's 2025 Employee Stock Ownership Plan Management Measures", and "Requesting the Shareholders' Meeting to Authorize the Board of Directors to Handle the 2025 Employee Stock Ownership Plan". Proposal on Matters Related to the Employee Stock Ownership Plan in 2018" and other related proposals.
(2) On September 1, 2025, the company received the "Securities Transfer Registration Confirmation" issued by the China Securities Depository and Clearing Co., Ltd. Shenzhen Branch. The 6,699,954 shares of the company held in the company's special securities account for repurchase were transferred to the "Sichuan Haite High-tech Co., Ltd. - 2025 Employee Stock Ownership Plan" special account on August 29, 2025, accounting for 0.90% of the company's current total share capital. For details, please refer to the "Announcement on the Completion of the Non-Transaction Transfer of the Employee Stock Ownership Plan in 2025" disclosed by the company on September 2, 2025 on the cninfo.com (www.cninfo.com.cn).
(3) On September 28, 2025, the company held the first meeting of holders of the 2025 Employee Stock Ownership Plan and agreed to establish the 2025 Employee Stock Ownership Plan Management Committee (hereinafter referred to as the "Management Committee") as the daily management and supervision organization of the Employee Stock Ownership Plan. The Management Committee is responsible for the employee stock ownership plan and exercises shareholder rights on behalf of the holders. The Management Committee consists of 3 members, including a director of the Management Committee. The term of office of the members of the Management Committee shall be consistent with the duration of the employee stock ownership plan.
2. Expiration of the first lock-in period and description of unlocking condition achievements
(1) Expiration of the first lock-up period
The underlying stocks held by the employee stock ownership plan are unlocked in three phases. The unlocking time points are 12 months, 24 months, and 36 months from the date when the draft of the employee stock ownership plan is reviewed and approved by the company's shareholders meeting and the company announces the transfer of the last underlying stock to the name of the employee stock ownership plan. The proportion of the underlying stocks unlocked in each phase is 40%, 30%, and 30% respectively, as follows:
The proportion of the number of unlocked stocks to the employee’s unlocking period, unlocking time, and total number of subject stocks transferred under the employee stock ownership plan
Since the draft employee stock ownership plan has been reviewed and approved by the company’s shareholders’ meeting and made public
first one
The company announced the transfer of the last underlying stock to 40% of the employee stock ownership plan.
Unlock period
12 months from the date of next
Since the draft employee stock ownership plan has been reviewed and approved by the company’s shareholders’ meeting and made public
second
The company announced the transfer of the last underlying stock to 30% of the employee stock ownership plan.
Unlock period
24 months from the date of next
Since the draft employee stock ownership plan has been reviewed and approved by the company’s shareholders’ meeting and made public
third
The company announced the transfer of the last underlying stock to 30% of the employee stock ownership plan.
Unlock period
36 months from the date of next
The underlying stocks acquired under this employee stock ownership plan, and the shares acquired due to the distribution of stock dividends by listed companies, the transfer of capital reserves, etc., shall also comply with the above share locking arrangements.
According to the above locking period and unlocking arrangements, the first locking period of this employee stock ownership plan will expire on August 29, 2026.
(2) Description of unlocking conditions and achievements in the first lock-up period
The performance assessment in the first lock-up period of this employee stock ownership plan includes both the company level and the individual level. The details are as follows:
(1) Company performance appraisal and corresponding allocation agreement
Vesting period Performance assessment target (the following data are taken from Haite High-tech's consolidated income statement) is based on the company's operating income in 2024, and the operating income in 2025 will not be lower than the first vesting period in 2024
110% of annual base
Taking the company's operating income in 2024 as the base, the operating income in 2026 shall not be less than 121% of the base in the second vesting period of 2024 or the cumulative operating income from 2025 to 2026 shall not be less than 231% of the base in 2024
Taking the company's 2024 operating income as the base, the operating income in 2027 will not be less than 133% of the base in the third vesting period of 2024 or the cumulative value of operating income from 2025 to 2027 will not be less than 364% of the 2024 base.
If the company's performance assessment indicators are met, the underlying stock rights corresponding to each period of this employee stock ownership plan can be unlocked. If the company's performance assessment indicators corresponding to a certain unlocking period are not achieved, the underlying stock equity corresponding to the unlocking period shall not be unlocked and will be recovered at the company's cost price. After performing the corresponding review and disclosure procedures, the corresponding company's shares will be canceled or used for later employee stock ownership plans or equity incentive plans.
According to the "2025 Audit Report of Sichuan Haite High-tech Co., Ltd." issued by ShineWing Accounting Firm (Special General Partnership), the company's operating income in 2025 was 1.559 billion yuan, and the operating income in 2024 was 1.319 billion yuan. Taking the 2024 operating income as the assessment base, the operating income in 2025 was 2024 118.20% of the annual operating income reached the performance assessment target. (2) Personal performance appraisal and corresponding allocation agreement
This employee stock ownership plan will assess individual performance in accordance with the relevant regulations of the company's assessment. The assessment years are three fiscal years from 2025 to 2027, and the assessment will be conducted once in each fiscal year:
Grade Grade B and above Grade C Grade D
Individual level unlocking ratio 100% 50% 0%
On the premise of meeting the above company performance assessment indicators, the holder's actual unlocked equity share of the underlying stock in the current period = the holder's current planned unlocked equity share of the underlying stock × the unlocking ratio corresponding to the individual-level performance assessment results.
The underlying stock equity that cannot be unlocked due to individual-level performance appraisal results will be recovered by the management committee at cost price, and the corresponding company stocks will be canceled or allocated to other transferees designated by the management committee who are qualified to participate in the employee stock ownership plan.
Five holders of this employee stock ownership plan resigned during the lock-in period, and one holder died due to non-work-related causes. According to the relevant provisions of the company's "2025 Employee Stock Ownership Plan (Draft)" and "2025 Employee Stock Ownership Plan Management Measures", the Management Committee took back the shares they held, and will subsequently cancel them or distribute them to other transferees designated by the Management Committee who are qualified to participate in the employee stock ownership plan. During the lock-up period, two holders were demoted, and the management committee decided to take back part of their shares.
According to the personal performance appraisal results submitted by the company's human resources department, the 2025 personal performance appraisal results of 137 holders of this employee stock ownership plan meet the 100% unlocking conditions for the personal performance appraisal in the first vesting period; the 2025 personal performance appraisal results of 1 holder meet the 50% unlocking conditions for the personal performance appraisal in the first vesting period.
In summary, based on the company-level and individual-level performance assessment standards, the unlocking conditions for the first vesting period of this employee stock ownership plan have been met. A total of 138 people have met the unlocking conditions during this vesting period, and the number of unlockable shares is 2.519 million shares, accounting for 0.34% of the company's total share capital.
3. Subsequent arrangements after the expiration of the first lock-up period of the Employee Stock Ownership Plan
According to the relevant provisions of the "Company's 2025 Employee Stock Ownership Plan" and "The Company's 2025 Employee Stock Ownership Plan Management Measures", after the lock-up period of the underlying stocks under the employee stock ownership plan expires, the management committee will determine the disposal method of the underlying stocks. After the lock-in period expires, the management committee will gradually realize the assets of the employee stock ownership plan and distribute them to the holders in proportion to the holders' shares; or the management committee will apply to the securities registration and clearing agency and, in accordance with the requirements of relevant laws and regulations, transfer the underlying stocks to the holder's personal account through non-trading in proportion to the holder's shares, and the individual will dispose of them by himself. A combination of the above two methods, or other methods permitted by laws and regulations. If it cannot be transferred to a personal account due to restrictions by laws and regulations, the management committee will realize the assets in a unified manner and distribute them to the holders in proportion to the shares held by the holders.
If there are remaining undistributed underlying stocks and their corresponding dividends, the Employee Stock Ownership Plan Management Committee will determine the disposal method before the expiration of the Employee Stock Ownership Plan’s duration.
This employee stock ownership plan will strictly abide by market trading rules and comply with the relevant regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange on the prohibition of buying and selling stocks during the information-sensitive period. No trading of company stocks is allowed during the following periods:
(1) Within 15 days before the announcement of the company's annual report or semi-annual report, if the announcement date of the regular report is postponed due to special reasons, the period shall be calculated from the 15 days before the original scheduled announcement date to the day before the announcement;
(2) Within five days before the announcement of the company’s quarterly report, performance forecast, and performance bulletin;
(3) From the date of the occurrence of a major event that may have a greater impact on the trading price of the company's stocks and its derivatives or the date of entry into the decision-making process, to the date of disclosure in accordance with the law;
(4) Other periods specified by the China Securities Regulatory Commission and stock exchanges.
If relevant laws, administrative regulations, departmental rules and other policy documents change the relevant provisions on the prohibition of buying and selling stocks during the information sensitive period, the relevant provisions after the change will apply.
4. Other instructions
The company will continue to pay attention to the implementation progress of the employee stock ownership plan and timely fulfill its information disclosure obligations in accordance with relevant laws and regulations. Investors are advised to pay attention to investment risks.
Announcement is hereby made.
Board of Directors of Sichuan Haite High-tech Co., Ltd.
September 1, 2026