Zhitong Financial App News, Zhongheng Electric (002364.SZ) announced that the sixth meeting of the eighth session of the Board of Directors was held on September 19, 2023, and the "motion on the early termination of the second phase of employee stock ownership plan" was approved.

According to the company's 2022 Annual Audit report issued by Zhonghui Accounting firm (Special General Partnership) (Zhonghui Review [2023] No. 5207), the company-level performance evaluation indicators for the second unlocking period of the employee stock ownership plan have not been reached, in order to better protect the interests of the company, shareholders and employees. According to the relevant requirements such as the China Securities Regulatory Commission's guidance on the pilot implementation of the employee Stock ownership Plan of listed companies, the guidelines on self-discipline Supervision of listed companies on the Shenzhen Stock Exchange No. 1-standardizing the Operation of listed companies on the main Board, and the company's "Phase II employee Stock ownership Plan" and other relevant regulations, after careful consideration, decided to terminate the second phase of the employee stock ownership plan ahead of schedule.