Zero Sports Auto (09863) employee incentive platform lifted the ban on 4138.95 million H shares and reduced their holdings, and the founder group's shareholding ratio was 23.45%

Zhitong Finance App News, Zero Sports Auto (09863) announced that Ningbo Jinghang is the company's employee incentive program platform and holds 12.8065 million H shares of the company. Its executive partner is Mr. Zhu Jiangming. According to the incentive plan, the ban on 4.138.95 million H shares has now been lifted, and this portion of the shares will take the opportunity to reduce their holdings in the secondary market according to the requirements of the target of the incentive. Following the reduction in holdings, Mr. Zhu Jiangming and Mr. Fu Liquan and the company's single largest shareholder group held a total of 204,961,588 H shares and 128,517,839 domestic shares, accounting for a total of 23.45% of the company's total issued shares. Since the reduction of holdings was the personal act of the target of the incentive, it did not affect the 10-year voluntary sales ban promise made by the founder group (i.e. Mr. Zhu Jiangming (founder, chairman and CEO of the company) and his spouse, Ms. Liu Yunzhen, Mr. Fu Liquan, and his spouse, Ms. Chen Ailing) on October 31, 2023.