YIYI's 2024 employee stock ownership plan's initial lock-up conditions have been met for the first grant

Tianjin YIYI Hygiene Products Co., Ltd. announced that the first lock-up period for the initial grant of its 2024 employee stock ownership plan is about to expire, and the unlocking conditions have been met. The stocks initially granted under this plan will be unlocked in three batches. The first unlocking period for the initial grant corresponds to the company's performance assessment, with the company's audited consolidated revenue for 2024 reaching 1.798 billion yuan, exceeding the target value of 1.671 billion yuan, resulting in a company-level unlocking ratio of 100%; at the individual level, all participants in the initial grant have achieved excellent performance assessments, with an unlocking coefficient of 100%. The number of shares that can be unlocked this time is 617,400 shares, accounting for 0.33% of the company's current total share capital. The company's management committee will choose an appropriate time to sell the unlocked shares and distribute the proceeds