Xingming Technology's 2024 employee stock ownership plan stocks will be fully sold and terminated.

Pingming Technology announced that all shares held by employees under the company's employee stock ownership plan for the year 2024 have been sold, and the plan is terminated. The plan was approved by the board of directors and shareholders' meeting in June 2024, and the stock acquisition price was adjusted from 15.48 yuan per share to 15.19 yuan per share due to equity distribution in 2023. On July 18, 2024, 657,000 shares of the company's stock were transferred non-traded to the employee stock ownership plan account. When the lock-up period expires on July 17, 2025, the unlocked shares will account for 0.83% of the total share capital of the company. As of the date of this announcement, all shares have been sold, and asset liquidation and distribution will be carried out in accordance with regulations. During the implementation period, the company strictly abided by trading rules and there were no insider trading situations.