On November 12, Gelonhui announced that on November 11, 2024, Tengyuan Cobalt Industry (301219.SZ) received the "Transfer Registration Confirmation" issued by China Securities Depository and Clearing Co., Ltd., confirming that the 3,519,600 shares of the company's stocks held by the company's repurchase dedicated securities account had been transferred to the employee stock ownership plan dedicated securities account through non-trading transfer on November 11, 2024, at a transfer price of 18.68 yuan per share. As of the announcement date, the number of company stocks held by the employee stock ownership plan in 2024 is 3,519,600 shares, accounting for 1.19% of the total share capital of the company.
The company's current employee stock ownership plan initially intends to grant 3,544,600 shares, with some employees opting out of subscription. Therefore, the Employee Stock Ownership Plan Management Committee for 2024 will include 25,000 shares of the initially unallocated shares into the reserved quota. As a result, the reserved granted shares for this period is 425,400 shares, accounting for 10.78% of the total number of shares in the employee stock ownership plan for this period. The participants of the reserved quota should meet the requirements specified in the employee stock ownership plan, which may include individuals already holding the employee stock ownership plan or other employees identified by the 2024 Employee Stock Ownership Plan Management Committee.
