Jinko Power(SH:601778) Zheng Quan Zhi Xing·2025-06-30 16:33Summary of the Employee Stock Ownership Plan (ESOP) of Jinko Power Technology Co., Ltd. Core Viewpoint The announcement details the second revision of the 2023 Employee Stock Ownership Plan (ESOP) of Jinko Power Technology Co., Ltd., highlighting the adjustments made to the equity distribution method and the overall management of the plan. Group 1: Basic Information of the ESOP - The ESOP was initially approved on April 27, 2023, during the employee representative meeting and subsequent board meetings, and was later ratified by the annual shareholders' meeting on May 19, 2023 [1][2] - The total number of shares repurchased for the ESOP was 70,459,211 shares, with an average purchase price of approximately 2.4 yuan per share [2][3] - The lock-up period for the shares under the ESOP is from August 5, 2023, to August 4, 2024 [2] Group 2: Revisions and Adjustments - The first meeting of ESOP participants was held on August 10, 2023, where a management committee was established [3] - The initial incentive scale was adjusted from 70,459,211 shares to 66,632,757 shares, with reserved shares increasing from 2,311,062 shares to 10,877,746 shares [3][4] - The second revision of the ESOP was approved on June 30, 2025, focusing on the equity distribution method [5] Group 3: Key Changes in the ESOP - The revised plan allows for the extension of the ESOP's duration if two-thirds of the participating shareholders agree [5][6] - The management committee is responsible for the distribution of benefits and the management of stock sales after the lock-up period [6][8] - The plan includes provisions for the handling of unvested shares in case of participant disqualification or other specified circumstances [9][10]