JIT(SZ:003029) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-20 00:36Core Points - The company has approved the implementation of the 2025 Employee Stock Ownership Plan (ESOP) during the board meeting on April 11, 2025, and the annual shareholders' meeting on June 10, 2025 [1][2] Group 1: Basic Information of the ESOP - The shares for the ESOP are sourced from the company's repurchased A-shares, totaling 5,219,800 shares, which accounts for 2.70% of the company's total share capital [2][3] - The company has completed the repurchase of shares using its own funds, with a total expenditure of approximately RMB 72.72 million, and the repurchase price ranged from RMB 12.94 to RMB 15.29 per share [2][3] Group 2: Subscription and Transfer of Shares - The ESOP allows for a maximum of 78,297,000 subscription units, with actual subscriptions totaling 78,297,000 units and the total subscription amount reaching RMB 78.30 million [3][4] - The shares were transferred to the ESOP account at a price of RMB 15.00 per share, with the total transferred shares being 5,219,800, which again represents 2.70% of the total share capital [5] Group 3: Funding Sources and Management - The funding for the ESOP comes from employees' self-raised funds, legal salaries, performance bonuses, and other legally permitted means, with no financial assistance or loan guarantees provided by the company [4] - The ESOP operates independently, with a management committee elected by the holders' meeting, ensuring that no single holder can significantly influence decisions [6][7] Group 4: Accounting Treatment - The company will follow the accounting standards for equity-settled share payments, recognizing the costs and capital reserves based on the fair value of the equity instruments granted [8] Group 5: Documentation - The company has received the Securities Transfer Registration Confirmation from the Shenzhen branch of China Securities Depository and Clearing Corporation Limited [9]