Hang Seng Electronics (600570.SH) announced that on June 28, 2021, the company received the transfer Registration confirmation issued by China Securities Registration and Clearing Co., Ltd., of the 8.39574 million shares held in the company's repurchase special securities account, 7.9793 million shares were transferred to the company's 2020 employee stock ownership plan account on June 25, 2021 at a transfer price of 45.32 yuan per share.

As of the date of disclosure of the announcement, the employee stock ownership plan account of the company held 7.9793 million shares of the company in 2020, accounting for 0.7642% of the total share capital of the company. The number of shares retained in the company's special repurchase securities account is 416440 shares. At this point, the company's 2020 employee stock ownership plan has all completed the non-trading transfer of shares. According to the provisions of the "Hang Seng Electronics Co., Ltd. 2020 employee Stock ownership Plan (draft)", the lock-up period of the company's employee stock ownership plan is 12 months, calculated from the date of the last transfer of the underlying stock announced by the company to the date of the employee stock ownership plan (June 29, 2021).

The company will continue to pay attention to the progress of the implementation of the employee stock ownership plan and fulfill its information disclosure obligations in a timely manner in accordance with the provisions of relevant laws and regulations.