ZHEZHONG(SZ:002346) Zheng Quan Zhi Xing·2025-07-18 16:25Core Points - The company has established the first employee stock ownership plan (ESOP) to align the interests of employees, shareholders, and the company for long-term development [1][2][3] - The total amount of funds to be raised under the ESOP is capped at 73.127125 million yuan, with each share priced at 1.00 yuan [4][5] - The plan allows for a maximum of 100 participants, including supervisors and core employees, while excluding major shareholders and their immediate family [3][4] Group 1: Objectives and Principles - The ESOP aims to enhance the governance structure and motivate employees, ensuring the company's stable long-term growth [2][3] - The plan adheres to principles of legal compliance, voluntary participation, and risk-bearing by participants [2][3] Group 2: Fundraising and Share Distribution - The funds for the ESOP will come from employees' legal salaries and self-raised funds, with no financial assistance from the company [5][6] - The share distribution includes 125,000 shares for each of the three supervisors and 6,937,712.5 shares for other designated personnel, totaling 7,312,712.5 shares [4][5] Group 3: Stock Source and Scale - The stocks for the ESOP will be sourced from the company's repurchased A-shares, with a maximum holding scale of 5,850,170 shares, representing 1.32% of the total share capital [6][7] - The company has previously repurchased 22,100,110 shares for a total transaction amount of approximately 241.48 million yuan [6] Group 4: Lock-up and Performance Assessment - The ESOP shares will be unlocked in three phases over 36 months, with specific percentages released at each interval [8][9] - Performance assessments will occur annually from 2025 to 2027, with specific profit targets set for each year to determine share unlock eligibility [10][11] Group 5: Management and Governance - The ESOP will be managed by a committee elected by the participants, with the company board overseeing the plan [11][12] - The board is authorized to handle all matters related to the ESOP, including adjustments and terminations [17][18] Group 6: Rights and Obligations of Participants - Participants have rights to dividends and other benefits proportional to their shareholdings, but cannot transfer or use their shares as collateral during the lock-up period [20][21] - In case of resignation or contract termination, the management committee will decide on the handling of the participant's shares [22][23]