23, Jingao Science and Technology announced that the board of directors had considered and approved the Bill on Terminating the Implementation of the Employee Stock Ownership Plan in 2025, and the supporting management measures were terminated simultaneously.
The plan was approved by the board of directors of Jingao Science and Technology in August 2025. After revision, the non-trading transfer of 39.5 million shares of the company was completed in November of the same year, and the corresponding shares accounted for 1.19% of the total share capital at that time. As of the announcement, the plan was still in the lock-up period.
Regarding the reasons for the termination, Jingao Science and Technology Bulletin said that due to multiple factors such as macroeconomic, photovoltaic industry environment and company operating pressure, it is more difficult to correct the net profit in 2026 in the original performance appraisal target of 2025-2026. After careful study, the company decided to terminate the plan.
It is reported that the initial number of participants in the plan is 57, which has now dropped to 49, the corresponding share transfer price is 6.10 yuan per share, and the closing price of the company on October 23 is 6.62 yuan per share.
Jingao Science and Technology announced that the subsequent underlying stocks will be sold by the company at an appropriate time, and the funds will be returned to the holders according to the original amount of capital contribution plus interest not higher than bank deposit interest for the same period.
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