Core Viewpoint - The draft employee stock ownership plan (ESOP) for Tengjing Technology Co., Ltd. aims to enhance employee engagement and align their interests with the company's long-term goals through stock ownership [1][2]. Group 1: Plan Overview - The ESOP is subject to approval by the company's shareholders' meeting, and its implementation is uncertain until such approval is obtained [2][3]. - The plan is designed to comply with relevant laws and regulations, ensuring voluntary participation and risk-bearing by employees [3][11]. - The initial number of participants in the plan will not exceed 41, including directors (excluding independent directors), senior management, and other core employees [3][12]. Group 2: Stock and Funding Details - The plan intends to hold a maximum of 678,674 shares, representing approximately 0.52% of the company's total share capital of 12,935,000 shares [4][16]. - The total funding for the plan is capped at 23,726,443 yuan, with each unit priced at 1 yuan [6][15]. - The shares will be sourced from the company's repurchased stock, with the purchase price set at 34.96 yuan per share [6][18]. Group 3: Performance Assessment - The performance assessment includes both company-level and individual-level metrics, with specific targets for revenue and net profit growth [22][23]. - For 2025, the revenue growth rate must not be less than 20% compared to 2024, or the net profit growth rate must also meet the same threshold [22][23]. Group 4: Management and Governance - The ESOP will be managed by a management committee elected by the participants, responsible for daily operations and representing the interests of the participants [27][28]. - The plan includes provisions for regular meetings and decision-making processes to ensure transparency and participant involvement [26][27]. Group 5: Lock-up and Duration - The plan has a maximum duration of 24 months, with a lock-up period of 12 months for the acquired shares [20][21]. - If the performance targets are met, the shares will be unlocked and distributed to the participants [23][24].
腾景科技: 腾景科技2025年员工持股计划(草案)摘要