LHG(SH:600186) Zheng Quan Zhi Xing·2025-08-29 17:25Core Points - The article outlines the implementation of the 2025 Employee Stock Ownership Plan (ESOP) by Lianhua Holdings Co., Ltd, emphasizing compliance with relevant laws and regulations [1][2][3] - The plan is designed to encourage employee participation voluntarily, ensuring that all participants are employees of the company and meet specific performance criteria [2][3][4] - The funding for the ESOP will come from employees' legal salaries, self-raised funds, and a special incentive fund from the company [4][5] - The shares involved in the ESOP will be sourced from the company's repurchased shares, with specific details on the number of shares and their purchase prices provided [4][5][6] - The plan includes performance assessment criteria at both the company and individual levels, with specific targets for revenue and net profit growth [7][8][9] Summary by Sections General Principles - The ESOP will be implemented in strict accordance with laws and regulations, ensuring accurate and timely information disclosure [1] - Participation in the ESOP is voluntary, with no forced allocation of shares to employees [2] Participants and Eligibility - Eligible participants include directors (excluding independent directors), senior management, and key personnel who have made significant contributions to the company [2][3] - The total number of participants in the ESOP will not exceed 300, with adjustments possible based on employee changes and performance evaluations [3] Funding and Share Acquisition - The funds for the ESOP will be sourced from employees' salaries, self-raised funds, and a special incentive fund, with no financial assistance provided by the company [4] - The shares for the ESOP will be acquired from the company's repurchased shares, with specific details on the number of shares and their purchase prices outlined [4][5] Performance Assessment - The ESOP includes performance assessment criteria that must be met for participants to unlock their shares, with specific targets for revenue and net profit growth established [7][8][9] - The performance assessment will be based on audited consolidated financial statements, ensuring a fair evaluation of both company and individual performance [8][9] Management and Governance - The ESOP will be managed by a committee responsible for overseeing daily operations and ensuring compliance with relevant regulations [10][11] - The board of directors will draft and modify the ESOP plan, with necessary approvals from the shareholders [10][11] Rights and Obligations of Participants - Participants in the ESOP will have specific rights and obligations, including restrictions on transferring their shares and requirements for performance assessments [17][19] - The plan stipulates that any unallocated shares will be returned to the company, ensuring that the interests of all shareholders are protected [18][19]