牧原股份: 2025年经营者持股计划（草案）摘要

Core Viewpoint - The company is establishing a 2025 Employee Stock Ownership Plan (ESOP) to enhance long-term incentives for key management personnel, aiming to improve employee cohesion and company competitiveness while promoting sustainable development [3][10]. Group 1: Plan Overview - The ESOP will involve up to 9.613031 million shares, representing approximately 0.18% of the company's total share capital, sourced from shares repurchased by the company [4][15]. - The plan will have a duration of 10 years, starting from the date of the last stock transfer to the ESOP [4][19]. - The plan includes a lock-up period of 12, 24, and 36 months, with stock release proportions of 40%, 30%, and 30% respectively, based on performance assessments [5][19]. Group 2: Participants and Funding - Participants will include up to 219 key management personnel and directors (excluding independent directors), who will voluntarily join the plan [3][12]. - Funding for the plan will come from employees' legal salaries, self-raised funds, and other legally permitted sources, with no financial assistance provided by the company [4][14]. Group 3: Performance Assessment - The performance assessment will consist of company-level and individual-level metrics, with the first assessment period based on the average revenue from 2022 to 2024 [6][21]. - The company aims to achieve revenue growth targets, with specific thresholds set for each assessment period to unlock stock rights [24][25]. Group 4: Governance and Management - A management committee will be established to oversee the ESOP, responsible for daily management and representing the interests of all participants [27][33]. - The plan will be subject to approval by the company's shareholders, with voting conducted through a combination of in-person and online methods [7][11].