SDBH(SH:600966) Shang Hai Zheng Quan Bao·2025-09-25 19:22Group 1 - The first meeting of the "Navigator Employee Stock Ownership Plan" was held on September 24, 2025, with 43,450,000 shares represented, accounting for 90.33% of the total subscribed shares [2][3] - The meeting approved the establishment of a management committee for the employee stock ownership plan to oversee daily management and protect the rights of shareholders [3][4] - The committee consists of three members, with their term aligned with the duration of the employee stock ownership plan [3][4] Group 2 - The meeting elected three members to the management committee, with unanimous approval from the shareholders present [4][6] - The management committee was authorized to handle various matters related to the employee stock ownership plan, including convening meetings and managing shareholder rights [5][6] - The plan will forfeit certain shareholder rights, including proposal and voting rights, during its duration [6][7] Group 3 - The "Striver Employee Stock Ownership Plan" also held its first meeting on September 24, 2025, with 26,680,021 shares represented, accounting for 82.81% of the total subscribed shares [9][10] - Similar to the Navigator plan, a management committee was established for the Striver plan, with three members elected unanimously [10][11] - The Striver plan will also forfeit certain shareholder rights and has a similar reduction arrangement for share sales post-lockup [14][15] Group 4 - As of September 25, 2025, the Navigator plan purchased 60,000,000 shares at an average price of RMB 4.83 per share, representing 4.49% of the total share capital [18][19] - The Striver plan purchased 40,030,021 shares at an average price of RMB 4.88 per share, representing 2.99% of the total share capital [19] - Both plans will have a lock-up period of 12 months starting from September 26, 2025, during which they will forfeit specific shareholder rights [19][20]