SHUANGHUAN COMPANY(SZ:002472) Zheng Quan Zhi Xing·2025-07-23 10:17Core Viewpoint - Zhejiang Shuanghuan Transmission Machinery Co., Ltd. is implementing an employee stock ownership plan for 2025, which has been reviewed and approved by legal counsel to ensure compliance with relevant laws and regulations [2][11]. Group 1: Company Background - Zhejiang Shuanghuan Transmission was established on June 19, 2006, and was approved for listing on the Shenzhen Stock Exchange on September 10, 2010, with stock code 002472 [5][6]. - As of June 30, 2025, the total share capital of the company is 847,713,342 shares, with a par value of RMB 1.00 per share [5]. Group 2: Employee Stock Ownership Plan Details - The employee stock ownership plan is designed to allow employees to voluntarily participate, ensuring that there is no forced participation [8][11]. - The total funding for the plan does not exceed RMB 163.9886 million, sourced from employees' legal salaries and self-raised funds, without any financial assistance from the company [8][10]. - The plan allows for the repurchase of company shares through a dedicated securities account, complying with regulatory guidelines [8][10]. Group 3: Legal Compliance and Procedures - The company has followed necessary legal procedures, including holding a staff representative meeting and board meetings to discuss and approve the plan [13][14]. - The company has disclosed relevant information regarding the plan on the designated information disclosure website, fulfilling its obligations under the regulations [15][18]. - The plan is subject to approval at the upcoming shareholders' meeting, where non-related shareholders must approve it by a majority vote [14][18].