Company releases self-inspection report on 2025 restricted stock incentive plan for insiders
Tuojing Technology recently released a detailed report on the company’s 2025 Restricted Stock Incentive Plan, specifically focusing on the trading behavior of the company’s insiders. The board of directors and all directors of the company have asserted the accuracy and completeness of the report, vowing that it contains no false records, misleading statements, or material omissions.
In their 13th meeting of the second board of directors and the 12th meeting of the second board of supervisors on March 4, 2025, Tuojing Technology approved the 2025 Restricted Stock Incentive Plan. This plan adheres to the guidelines set forth in the Administrative Measures for Equity Incentive Plans of Listed Companies, the Administrative Measures for Information Disclosure of Listed Companies, and the company’s internal confidentiality protocols. Ensuring all necessary confidentiality measures were taken, the company also registered insiders of the incentive plan.
To comply with regulations such as the Administrative Measures, the Rules for the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, and the Self-Regulatory Guide for Listed Companies on the Science and Technology Innovation Board No. 4, Tuojing Technology initiated a thorough self-inspection on the trading activities of insiders of the incentive plan six months prior to publicly disclosing the plan. This self-inspection period spanned from September 6, 2024, to March 5, 2025.
The verification process entailed scrutinizing the trading behavior of insiders who participated in the incentive plan. By consulting with the Shanghai Branch of China Securities Depository and Clearing Co., Ltd., Tuojing Technology obtained a comprehensive report on the company’s share trading activities during the self-inspection period. The inquiry revealed that 11 insiders engaged in buying and selling company shares during this timeframe. Upon careful examination of these transactions in conjunction with the incentive plan’s progress, the company confirmed that these insiders based their trades on public market conditions, available information, and personal judgment. Notably, there was no exploitation of insider information for trading purposes.
After conducting the necessary checks and balances, Tuojing Technology verified that no insider utilized undisclosed information from the incentive plan for trading or leaked details about the plan. All trading activities during the self-inspection period were deemed to be independent investment decisions made by insiders. Following a meticulous review, the company concluded that no insider trading had occurred.
The Board of Directors at Tuojing Technology affirmed these findings on March 22, 2025, emphasizing their commitment to upholding the integrity and transparency of the company. This self-inspection report serves as a testament to the company’s dedication to maintaining ethical standards in the execution of its incentive plans.
