Pinming Technology announced that all shares held under the company's 2024 employee stock ownership plan have been sold, and the plan will be terminated. The plan was approved by the board of directors and the shareholders' meeting in June 2024, and later adjusted the stock transfer price from RMB 15.48 per share to RMB 15.19 per share due to the 2023 annual equity distribution. On July 18, 2024, 657,000 shares of the company's stock were transferred non-traditionally to the employee stock ownership plan account. The lock-up period will expire on July 17, 2025, with the unlocked shares accounting for 0.83% of the company's total share capital. As of the announcement date, all shares have been sold, and subsequent asset liquidation and distribution will be conducted in accordance with regulations. During the implementation period, the company strictly adhered to trading rules, with no insider trading incidents