Announcement: HeT ESOP Purchase of Shares Completed

2015-12-25 14:43| Views: 4326

HeT passed HeT Employee Stock Ownership Plans (ESOP) (Draft) and associating proposals at the Third Board of Directors Meeting Session 22 on November 20th, 2015, and at the 5th Temporary Shareholders’ Meeting on December 8th, 2015. Wukuang Stock Trading Co., Ltd. will be managing and executing the said plans and proposals. It is managed by a newly formed Wukuang & HeT ESOP Co-op Plan.


According to the Guideline for ESOP of Listed Companies by China Securities Regulatory Commission and the Small/Medium Size Company Information Transparency Memo 7 regarding ESOP by Shenzhen Stock Exchange, the final implementation of HeT ESOP is below.


The Wukuang & HeT ESOP Co-op Plan, founded on December 18th 2015, has total capital of 120,000,000 Yuan. By December 24th, 2015, the Co-op Plan completed the ESOP on a second tier market by bidding. The average price was 26.06 per share with 4,536,961 shares in total (accounting for 1.37% of the total company shares). The total transaction amount was 118,233,200 Yuan. The rest was repurposed as capital reserve.


By the time of this publication, HeT completed the purchase of shares according to the ESOP. The Plan will be completed in 6 months after it is passed by the shareholders’ committee. According to the guidelines in HeT ESOP (Draft), this round of ESOP will have a stock lock-up period of 12 months.


Invest carefully.


End of announcement.

HeT Board of Directors

Shenzhen H&T Intelligent Control Co., Ltd. ( ICP 06028608 )

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