SDBH(SH:600966) Zheng Quan Zhi Xing·2025-09-01 16:09Core Points - The company, Shandong Bohui Paper Industry Co., Ltd., has announced an employee stock ownership plan aimed at enhancing employee engagement and aligning their interests with the company's long-term goals [1][2][10] - The plan allows for a maximum of 40.03 million shares to be held, representing approximately 2.99% of the company's total share capital [4][14] - The total expected funding for the plan is approximately 201.35 million yuan, with each share priced at 5.03 yuan [5][13] Summary by Sections Employee Stock Ownership Plan Overview - The plan is designed to improve governance, enhance employee cohesion, and attract and retain talent [10][11] - Participation is voluntary, and employees will bear the risks associated with their investments [11][12] Funding and Stock Acquisition - The funding sources include employee contributions, loans from major shareholders, and other legally permissible means [5][13] - The shares will be acquired from the company's repurchased stock, with a total of 100,030,021 shares repurchased as of September 29, 2022, accounting for 7.48% of the total share capital [4][13] Plan Structure and Management - The plan will be managed by a committee that represents the interests of the participants, ensuring compliance with legal and regulatory requirements [22][25] - The plan has a maximum duration of 120 months, with a lock-up period of 12 months for the acquired shares [16][17] Performance Assessment - The performance assessment will include company-wide, departmental, and individual metrics, with specific sales targets set for 2025 [19][20] - The first unlocking period is contingent upon achieving a total paper product sales volume of no less than 4.7 million tons in 2025 [19][20] Rights and Obligations - Participants' rights include the ability to receive dividends and participate in decision-making processes through the management committee [28][30] - Obligations include timely payment of contributions and adherence to the plan's rules regarding share transfers and exits [28][30]