HUHUA completed the non-trading transfer of the second phase employee stock ownership plan

In 2025, Shanxi HUHUA Group Co., Ltd. will promote the second phase of its employee stock ownership plan. The stocks for this plan come from the company's repurchase of 860,000 shares of A-shares, accounting for 0.43% of the company's current total share capital. The company has opened a special securities account for the employee stock ownership plan, with actual subscription shares amounting to 11.5412 million shares, funded by employees' legal salaries and other sources. On September 10, 860,000 shares were transferred to this plan through a non-trading transfer at a transfer price of 13.42 yuan per share. The plan has a duration of 36 months, with a lock-up period of 12 months. This plan has no connection or concerted action relationship with the controlling shareholder, directors, or senior management. The company will handle accounting in accordance with regulations and will continue to disclose progress, reminding investors to pay attention to risks