PHUA LEE MING(SZ:002957) Shang Hai Zheng Quan Bao·2025-09-25 20:55Core Viewpoint - The announcement details the implementation progress of the 2025 Employee Stock Ownership Plan (ESOP) by Shenzhen Keri Technology Co., Ltd, including stock repurchase, fund raising, and stock transfer activities [1][2][3]. Group 1: Employee Stock Ownership Plan Overview - The company approved the 2025 ESOP during board and shareholder meetings held on August 8 and August 25, 2025, respectively [1]. - The stock for the ESOP is sourced from shares repurchased by the company through a dedicated securities account in the secondary market [1]. Group 2: Stock Repurchase Details - The company approved a share repurchase plan on March 22, 2024, with a budget of between RMB 20 million and RMB 40 million, at a maximum price of RMB 20 per share [2]. - As of September 23, 2024, the company repurchased a total of 2,333,442 shares, representing 0.5681% of the total A-share capital, with an average price range between RMB 11.97 and RMB 15.50 per share, totaling approximately RMB 32.08 million [2]. Group 3: Fundraising and Share Subscription - The ESOP raised a total of RMB 13,606,720, with each unit priced at RMB 1.00, resulting in a total of 13,606,720 units [4]. - The plan includes participation from 41 individuals, including directors (excluding independent directors), supervisors, senior management, and members of the operational team, but excludes major shareholders [5]. Group 4: Stock Transfer and Lock-up Period - On September 24, 2025, the company completed the transfer of 1,616,000 shares to the ESOP account, which constitutes 0.38% of the total share capital [6]. - The ESOP has a maximum duration of 48 months, with a lock-up period of 12 and 24 months, releasing 50% of the shares at each interval [6]. Group 5: Related Party Transactions - The ESOP operates independently, with a management committee elected by the participants, and there are no agreements for concerted action among participants [7]. - The company will ensure that any related party transactions involving participants in the ESOP will be subject to voting abstention [7]. Group 6: Accounting Treatment - The ESOP will be accounted for according to the relevant accounting standards, with costs recognized based on the fair value of equity instruments at the grant date [8].