YTOT(SZ:300790) Zheng Quan Zhi Xing·2025-08-29 17:47Group 1 - The company, Dongguan Yutong Optical Technology Co., Ltd., is implementing an employee stock ownership plan (ESOP) for 2025, which aims to enhance employee engagement and align their interests with the company's performance [2][9][18] - The ESOP has undergone necessary legal procedures and is compliant with relevant laws and regulations, including the Company Law and Securities Law [9][13][18] - The plan allows employees to voluntarily participate, ensuring that there is no forced allocation of shares, which aligns with the principles of voluntary participation and risk-bearing [10][12][18] Group 2 - The ESOP will involve a lock-up period for the shares acquired, with different durations of 12, 24, and 36 months, starting from the date of stock transfer to the plan [11][12] - The total shares held under the ESOP will not exceed 10% of the company's total equity, and individual holdings will be capped at 1% of the total equity [11][12] - The management of the ESOP will be overseen by a committee elected by participating employees, ensuring that the management is representative and accountable [12][18] Group 3 - The company has committed to timely information disclosure regarding the ESOP, including board resolutions and relevant documents, in accordance with regulatory requirements [16][18] - The ESOP will allow participation in future financing activities, such as share placements or convertible bonds, subject to approval from the management committee and the holders' meeting [17][18] - There is no agreement or arrangement that constitutes a concerted action between the ESOP and the company's major shareholders or executives, ensuring independence in decision-making [17][18]