Zoomlion Heavy Industries (01157): Shareholding Plan (Phase II) First Lockdown Period Expires

Zhitong Finance App News, Zoomlion Heavy Industries (01157) issued an announcement. On September 27, 2023, the shareholding plan (Phase II) was approved by shareholders at the shareholders' meeting and adopted by the Company. As stated in the circular, A-shares held under the Shareholding Plan (Phase 2) will be locked and unlocked in three batches, as follows: (i) when the first lock-up period expires, that is, 12 months from October 17, 2023 (effective date), 40% will be unlocked; (ii) when the second lockdown period expires, that is, 24 months from the effective date, 30% will be unlocked; and (iii) when the third lockdown period expires, the remaining 30% will be unlocked, provided that the performance assessment indicators applicable to each stage can be achieved.

Based on the above, the first lockdown period of the Shareholding Plan (Phase II) expires on October 17, 2024; and on the same day, 40% of the A shares held by the Shareholding Plan (Phase II) will be unlocked, for a total of 170 million A-shares.