WXSJ(SH:603185) Shang Hai Zheng Quan Bao·2025-09-05 20:59Core Viewpoint - The company is implementing an employee stock ownership plan (ESOP) aimed at enhancing employee engagement and aligning their interests with the company's long-term goals, subject to approval at the upcoming shareholders' meeting [11][15][22]. Group 1: Employee Stock Ownership Plan Overview - The ESOP will allow employees to acquire up to 3.888698 million shares, representing approximately 0.57% of the company's total share capital of 678.02202 million shares [16][30]. - The plan includes a total of 216.0207 million shares for initial allocation and 172.8491 million shares reserved for future allocation [16][30]. - The purchase price for the shares under the ESOP is set at 11.61 yuan per share, which is at least 50% of the average trading price prior to the announcement [34][39]. Group 2: Participation and Management - The ESOP is designed for a maximum of 75 participants, including 1 director and 4 senior management personnel, with the remaining participants being core employees [29][30]. - The management committee will oversee the ESOP, ensuring compliance with legal and regulatory requirements while representing the interests of the participants [48]. Group 3: Lock-up and Performance Conditions - The initial shares will have a lock-up period of 36 months, with performance conditions tied to the company's financial results over the years 2025 to 2027 [43][45]. - The reserved shares will have a shorter lock-up period of 24 months, with performance assessments for the years 2026 and 2027 [45]. Group 4: Financial Implications - The company has already repurchased 3,888,698 shares at an average price of 18 yuan per share, totaling approximately 69.99 million yuan [33]. - The ESOP's implementation is expected to have a positive impact on employee motivation and overall company performance, although it may affect net profits due to associated costs [58][59].