恒力石化股份有限公司第九届董事会第二十八次会议决议公告

Core Viewpoint - The company has decided to adjust its sixth employee stock ownership plan due to underperformance and market fluctuations, extending its duration and modifying certain management aspects to ensure stability and compliance with regulations [6][10][22]. Group 1: Meeting and Approval Process - The company's board of directors held the 28th meeting of the ninth session on April 30, 2025, where all eight directors attended and approved the adjustment of the employee stock ownership plan [1][4]. - The proposal was reviewed and approved by the board's remuneration and assessment committee prior to the board meeting [2]. - Related directors recused themselves from the vote, ensuring that only non-related directors participated in the decision-making process [3]. Group 2: Employee Stock Ownership Plan Details - The sixth employee stock ownership plan was initially approved in 2022, with a total of 287,797,584 shares held, representing 4.09% of the company's total equity [7]. - The plan's extension is due to its impending expiration in May 2025 and the realization that returns have not met expectations [8][22]. - Adjustments include extending the plan's duration from 36 months to 60 months and modifying the trading sensitivity periods for stock transactions [8][22]. Group 3: Legal and Compliance Aspects - The adjustments comply with the relevant regulations, including the guidelines for implementing employee stock ownership plans and self-regulatory directives from the Shanghai Stock Exchange [10][12]. - The board and supervisory committee confirmed that the adjustments do not harm the company's or shareholders' interests and that the decision-making process adhered to legal requirements [13][18]. Group 4: Trust Plan Adjustments - The company announced adjustments to a trust plan established by its controlling shareholder, which also involves employee stock purchases, extending its duration from 36 months to 60 months due to similar market conditions [20][22]. - The trust plan currently holds 94,611,800 shares, accounting for 1.34% of the company's total equity [21].