Core Viewpoint - Shanghai Fuje Environmental Technology Co., Ltd. has approved its 2025 Employee Stock Ownership Plan (ESOP) to enhance employee engagement and align interests between employees and shareholders [1][2][3] Summary by Sections Employee Stock Ownership Plan Overview - The ESOP aims to establish a mechanism for shared interests and risk between employees and shareholders, enhancing employee motivation and company competitiveness [10][12] - The total amount of funds to be raised through the ESOP is capped at 9 million RMB, with each share priced at 1 RMB, allowing for a maximum of 9 million shares to be subscribed [3][12] Participants and Funding - The plan will involve up to 130 employees, including 10 directors and senior management, with a maximum of 260,000 shares allocated to them, representing 28.89% of the total shares [12][14] - The funding sources for the ESOP will include employees' legal salaries, self-raised funds, and other legally permitted means, with no financial assistance provided by the company [3][18] Stock Acquisition and Management - The ESOP will acquire company A-shares through the secondary market, with the purchase price determined by market conditions [5][18] - The plan will be managed by a committee responsible for daily oversight and management, ensuring that the interests of the participants are safeguarded [21][27] Duration and Lock-up Period - The ESOP will have a duration of 36 months, with a lock-up period of 12 months starting from the completion of the last stock purchase [6][19] - Upon expiration of the lock-up period, the management committee will decide on the timing for selling the acquired stocks [6][19] Rights and Obligations of Participants - Participants will voluntarily join the ESOP, and their rights include dividend rights and investment income, while they will waive voting rights associated with the shares [22][23] - Participants are responsible for their own investment risks and must comply with the plan's regulations [10][22] Plan Adjustments and Termination - The ESOP can be modified or terminated based on the decisions made by the participants during meetings, requiring a two-thirds majority for significant changes [35][36] - The plan will automatically terminate if the company undergoes a change in control or if the stock purchase is not completed within the specified timeframe [35][36]
复洁环保: 2025年员工持股计划