ChuanYin Technology: The performance appraisal target for the second unlocking period of the second phase of the employee stock ownership plan has not been achieved.

On the evening of April 30th, Quanyin Technology announced that based on the company's performance in 2024, the company achieved a net profit of 114 million yuan, which is lower than the assessment target of 275 million yuan. The second lock-up period of the second phase of the employee stock ownership plan did not meet the performance assessment target. According to the "Management Measures for the Second Phase of the Employee Stock Ownership Plan of the Company", if the performance assessment target of the company under this employee stock ownership plan is not achieved, the management committee shall handle the cancellation and recovery procedures for the corresponding batch of stock plan shares for that assessment period, and the funds obtained from selling all the corresponding batch of stocks held by the employee stock ownership plan after the expiration of the lock-up period shall belong to the company. The company shall return the original investment and interest to the holder up to that amount.