KINGFA(SH:600143) Shang Hai Zheng Quan Bao·2026-01-20 19:06Overview of Equity Incentive Program - The company approved an equity incentive program for its wholly-owned subsidiary, Jiangsu Jinfah Technology New Materials Co., Ltd., to implement through capital increase and share expansion for core employees [2] - The program involves the establishment of 27 limited partnership enterprises as employee shareholding platforms, with a total investment of up to 643.20 million yuan for the subscription of new registered capital not exceeding 120 million yuan [2] Progress of Equity Incentive Program - As of the announcement date, the company has completed the establishment of all employee shareholding platforms, with a total of 29 limited partnership enterprises registered [3] - The total paid-in capital contribution to Jiangsu Jinfah is 118.61 million yuan, with a premium portion of 517.15 million yuan recorded in the capital reserve [3] - The company has completed the registration capital change and related business registration for Jiangsu Jinfah [3] Structure of Partnership Enterprises - The first partnership enterprise is for non-independent directors and senior management, with a total subscription amount of up to 110.29 million yuan [3][6] - The remaining 28 partnership enterprises are for 1,268 core technical, marketing, and operational personnel in the modified plastics business segment, with each enterprise having a nominal contribution of 2,000 yuan from the general partner, Guangzhou Jinfah Industrial Investment Co., Ltd. [6][7] Governance Structure Adjustment - The company has completed a governance structure adjustment by abolishing the supervisory board, with former supervisors automatically resigning from their positions [4]