江西九丰能源股份有限公司2025年员工持股计划（草案）

Core Viewpoint - Jiangxi Jiufeng Energy Co., Ltd. has proposed a 2025 employee stock ownership plan aimed at enhancing long-term incentives for key employees and aligning their interests with the company's growth objectives [8][10][21]. Group 1: Background and Purpose - The company positions itself as a "value-creating clean energy service provider," focusing on natural gas, liquefied petroleum gas (LPG), and specialty gases [8]. - The plan is designed to support the implementation of the company's second three-year development plan (2025-2027) and to stabilize and motivate the core management team [10][11]. - The first employee stock ownership plan was implemented in September 2022, showing significant incentive effects [9]. Group 2: Plan Details - The total funding for the plan will not exceed 94.575 million yuan, with each unit priced at 1.00 yuan, allowing for a maximum of 94.575 million units [4][17]. - The funds will be used to purchase up to 7.5 million shares of Jiufeng Energy's A-shares, representing 1.16% of the company's total equity [4][23]. - The initial purchase price is set at 12.61 yuan per share, based on a pricing mechanism that considers recent trading averages [20][21]. Group 3: Participants and Management - Participants include certain directors (excluding independent directors), supervisors, senior management, general managers of business units, and key position employees [3][16]. - The plan will be managed by a committee elected by the participants, which will represent their rights and manage the plan's daily operations [6][34]. Group 4: Performance Assessment - The plan includes both company-level and individual-level performance assessments, with specific targets set for the years 2025 to 2027 [28][29]. - If company performance targets are not met, corresponding shares will not be unlocked, regardless of individual performance [32]. Group 5: Duration and Lock-up Period - The plan will have a duration of 48 months, starting from the date the last share is transferred to the plan [25]. - The lock-up period for the shares will be no less than 12 months, with specific unlocking arrangements based on performance assessments [26][27].