Vanward(SZ:002543) Shang Hai Zheng Quan Bao·2025-11-05 20:23Group 1 - The first meeting of the 2025 Employee Stock Ownership Plan (ESOP) was held on November 5, 2025, with 19 participants representing 12,886,901 shares, which is 100% of the total shares in the plan [2][4] - The meeting approved the establishment of the 2025 ESOP Management Committee to oversee the plan's implementation and protect the rights of the shareholders [3][5] - The committee consists of three members, with a term aligned with the duration of the 2025 ESOP [3][6] Group 2 - The meeting also elected three members to the management committee, ensuring they have no conflicts of interest with major shareholders or company executives [5][6] - The management committee was authorized to handle various matters related to the ESOP, including convening meetings and managing shareholder rights [7][9] - The authorization for the committee is effective from the date of the meeting until the termination of the ESOP [8][9] Group 3 - The 2025 ESOP was approved by the board on September 26, 2025, and subsequently by the shareholders on October 17, 2025 [12][13] - The company has completed the opening of a securities account for the ESOP as of November 4, 2025, but has not yet transferred shares from the repurchase account [14]