According to Zhitong Finance App News, Guangzheng Education (06068) issued an announcement. Considering that the 10-year term of the share award program is about to expire, in order to reduce administrative resources, the board of directors decided to terminate the plan according to the plan rules, which will take effect from October 14, 2026. All shares held by the trustee in connection with the scheme are existing shares purchased by the trustee on the Stock Exchange. As a result, the company did not issue new shares in connection with any of the award shares granted under the scheme.

According to the trust contract, after the trust period expires, the remaining shares of the trust fund will be sold by the trustee, and the net proceeds of the sale, along with other funds and assets remaining in the trust fund at the time (after deducting all applicable costs, expenses and liabilities) will be transferred to the company in accordance with the plan rules and trust deeds.

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