Shenli(SH:603819) Shang Hai Zheng Quan Bao·2026-02-27 20:56Core Viewpoint - The company has decided to extend the duration of its first employee stock ownership plan by 12 months, now set to expire on March 2, 2027, due to confidence in its future development and stock value [1][3]. Group 1: Employee Stock Ownership Plan - The first employee stock ownership plan was initially approved in January 2021, with the stock sourced from the company's repurchased shares [1][2]. - The plan's duration was previously extended multiple times, with the latest extension being from March 2, 2026, to March 2, 2027 [1][3]. - The extension was approved by a two-thirds majority of the plan's holders and the company's board, reflecting confidence in the company's ongoing stability and market conditions [3][7]. Group 2: Board Meeting and Resolutions - The fifth board meeting was held on February 27, 2026, with all seven directors present, and the meeting's procedures were compliant with legal requirements [7][8]. - The board unanimously approved the extension of the employee stock ownership plan and discussed other business matters, including a proposal for a bank credit facility [9][10]. - The company plans to apply for a comprehensive credit facility not exceeding RMB 1 billion, with the actual financing amount to be determined by the banks [9]. Group 3: Accounting Policy Change - The company has changed its accounting policies in accordance with the Ministry of Finance's new guidelines effective January 1, 2026, which do not significantly impact its financial status or results [11][12]. - The changes are based on the Ministry's issuance of Interpretation No. 19, which addresses various accounting treatments [11][12]. - The new accounting policies aim to provide a more accurate reflection of the company's financial condition and performance without affecting prior years' financial statements [11][15].