On June 28th, Gelonhui reported that the 14th meeting of the 5th board of directors and the 14th meeting of the 5th supervisory board of Zhejiang Jingsheng Mechanical & Electrical (stock code: 300316.SZ) approved the resolution on the termination of the 2022 employee stock ownership plan ahead of schedule. In accordance with the authorization of the company's second interim shareholders' meeting in 2022, the Board of Directors of the Company agreed to terminate the 2022 employee stock ownership plan ahead of schedule.

Considering the intentions of the participants in the employee stock ownership plan, the market environment, and the company's future development plan, the company has decided to terminate the 2022 employee stock ownership plan ahead of schedule in order to better safeguard the interests of the company, shareholders, and employees, after careful consideration. The employee stock ownership plan management measures and other supporting documents related to the employee stock ownership plan will also be terminated.