Yuehai Feeds Group(SZ:001313) Shang Hai Zheng Quan Bao·2025-09-04 18:47Core Viewpoint - Guangdong Yuehai Feed Group Co., Ltd. has implemented an employee stock ownership plan (ESOP) for 2025, which aims to enhance employee engagement and align their interests with the company's long-term strategic goals [1][2][5]. Group 1: Employee Stock Ownership Plan Details - The ESOP was approved during board meetings held on July 7, 2025, and subsequent meetings in August 2025, with adjustments made to the plan as necessary [2][3]. - The stock for the ESOP comes from shares repurchased by the company, with a total of 7,479,800 shares allocated to the plan, representing 70.56% of the planned stock holdings [4][6]. - The company has established a dedicated securities account for the ESOP, with a total fundraising target of up to 58.87 million yuan [5][6]. Group 2: Stock Repurchase and Transfer - The company has repurchased between 10 million and 20 million shares, with a maximum repurchase price set at 10.00 yuan per share, totaling an estimated repurchase fund of 100 million to 200 million yuan [3]. - As of January 17, 2025, the company had repurchased 10,600,068 shares at an average price of 6.44 yuan per share, completing the repurchase plan [3][4]. - The non-trading transfer of 7,479,800 shares to the ESOP was completed on September 3, 2025, with the remaining shares in the repurchase account amounting to 3,120,268 shares [7][8]. Group 3: Financial and Accounting Implications - The ESOP's accounting treatment will follow relevant accounting standards, impacting the company's costs and capital reserves, with final results to be confirmed by annual audit reports [9]. - The plan is expected to enhance the company's sustainable and high-quality development by attracting and retaining talent [5][9].