董事会关于公司 2025 年员工持股计划草案的合规性说明 深圳市豪鹏科技股份有限公司（以下简称"公司"）根据《中华人民共和国 公司法》 深圳市豪鹏科技股份有限公司 通过公司职工代表大会依法充分征求员工意见，亦不存在摊派、强行分配等方式 强制员工参加员工持股计划的情形。员工持股计划确定的持有人均符合相关法律 法规、规范性文件规定的条件，主体资格合法、有效。 （以下简称《公司法》）、 《中华人民共和国证券法》 （以下简称《证券法》）、 《关于上市公司实施员工持股计划试点的指导意见》（以下简称《指导意见》）、 《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》 （以下简称《规范运作》）等相关法律、法规及《公司章程》等有关规定，制定 《公司 2025 年员工持股计划（草案）》 （以下简称"本员工持股计划"），现对本 员工持股计划是否符合《指导意见》等相关规定说明如下： 《规范运作》等法律法规、规范性文件和《公司 章程》规定的禁止实施员工持股计划的情形，公司具备实施员工持股计划的主体 资格。 《规范运作》等有关法律 法规、规范性文件的规定，不存在损害公司及全体股东利益的情形。 规范性文件规定的持有 ...

Core Viewpoint - Chengdu Kunheng Shunwei Technology Co., Ltd. has successfully completed its share repurchase plan, acquiring a total of 851,910 shares, which accounts for 0.70% of the total share capital, with a total expenditure of approximately RMB 16.30 million [1][5][6]. Summary by Sections Share Repurchase Plan - The share repurchase plan was first disclosed on July 8, 2024, proposed by the controlling shareholder and chairman Zhang Jilin [1]. - The implementation period for the repurchase is from July 7, 2024, to July 6, 2025 [1]. - The expected repurchase amount ranges from RMB 15 million to RMB 30 million, with a maximum repurchase price of RMB 35.00 per share [1][3]. Approval and Implementation - The repurchase plan was approved by the board of directors with a unanimous vote of 7 in favor [3]. - The repurchase is intended for employee stock ownership plans or equity incentives, as well as to maintain company value and shareholder rights [1][3]. Actual Repurchase Details - The company has repurchased a total of 851,910 shares, with a price range of RMB 16.71 to RMB 23.15 per share [5][6]. - Of the repurchased shares, 543,414 shares were allocated for employee stock ownership plans, and 308,496 shares were for maintaining company value and shareholder rights [5][8]. Financial Impact - The funds used for the repurchase were sourced from excess raised funds, ensuring no significant impact on the company's operational activities or financial status [6]. - The repurchase will not alter the company's control structure, and the share distribution remains compliant with listing requirements [6]. Future Plans for Repurchased Shares - The repurchased shares will be held in a dedicated repurchase account, with plans to utilize the shares for employee stock ownership or equity incentives in the future [8]. - Shares intended for maintaining company value will be sold within 12 months after the announcement of the repurchase results, or they will be canceled if not sold within three years [8].

Group 1 - The company announced the repurchase of remaining unvested shares from the 2023 employee stock ownership plan due to unmet performance targets for the fiscal years 2023-2024 [1][2][3] - The repurchase will involve 956,940 shares at a price of 10.77 yuan per share, returning the capital invested by the plan participants [2][3] - The repurchase is not expected to have a significant adverse impact on the company's operations, finances, or future development, and will not change the control of the company [3] Group 2 - The company had previously established a management committee for the 2023 employee stock ownership plan and conducted necessary approvals through board meetings and shareholder meetings [1][2] - The shares were transferred to the employee stock ownership plan account at a price of 10.77 yuan per share on June 13, 2023 [2] - The company will follow legal requirements and internal procedures for the subsequent handling of the repurchased shares, which may include cancellation or continued use in the employee stock ownership plan [3]

Core Viewpoint - The company, Xi'an Aike Saibo Electric Co., Ltd., has announced the progress and results of its second phase of share repurchase plan for 2024, indicating a commitment to enhancing shareholder value through stock buybacks [1][2]. Summary by Sections Share Repurchase Plan - The repurchase plan was first disclosed on November 29, 2024, with an implementation period from November 27, 2024, to November 26, 2025 [1]. - The company plans to repurchase between 2 million to 4 million shares, with an estimated total repurchase amount ranging from 83.34 million yuan to 166.68 million yuan, based on a maximum repurchase price of 41.51 yuan per share [1]. - The actual repurchased shares totaled 3,523,378, accounting for 3.0536% of the total share capital, with a total expenditure of 102.49 million yuan [3][4]. Implementation Details - The first repurchase was executed on December 24, 2024, and the company has been disclosing the progress of the repurchase in accordance with relevant regulations [2]. - The repurchase price ranged from 23.37 yuan to 34.14 yuan per share, with an average price of 29.09 yuan per share [4]. Shareholder Structure and Changes - The repurchase will not significantly impact the company's daily operations, financial status, or future development, and will not alter the control of the company [4]. - The shareholding structure post-repurchase shows a decrease in limited circulation shares from 41,885,480 (36.30%) to 28,217,840 (24.46%) and an increase in unrestricted circulation shares from 73,499,938 (63.70%) to 85,203,003 (73.84%) [5]. Future Plans for Repurchased Shares - Out of the total repurchased shares, 1,558,803 shares have been allocated to the company's first employee stock ownership plan, while 1,964,575 shares remain for future use in employee stock plans or equity incentives [6]. - If the remaining shares are not transferred within three years, they will be canceled, leading to a corresponding reduction in the total share capital [6].

Core Viewpoint - The Shanghai Shengjian Technology Co., Ltd. is holding its second extraordinary general meeting of shareholders in 2025 to discuss various proposals, including changes to share repurchase plans and capital reduction [1][4][6]. Meeting Procedures - The meeting will be conducted in a hybrid format, combining in-person and online participation [1][2]. - Shareholders must register and present valid identification to participate in the meeting [2][3]. - The meeting will include a series of procedural steps, such as signing in, electing monitors, discussing proposals, and voting [5][6]. Share Repurchase and Capital Reduction - The company plans to change the purpose of some repurchased shares from an employee stock ownership plan to cancellation and capital reduction, specifically 509,000 shares [6][8][16]. - The total amount used for share repurchase was approximately 79.9391 million RMB, with an average repurchase price of 35.61 RMB per share [6][7]. - The company aims to repurchase and cancel 810,480 shares due to non-compliance with performance targets and employee departures [10][11][17]. Financial Performance and Targets - The company did not meet the performance targets set for the employee stock ownership plan, with net profits of 145.4805 million RMB and 106.4047 million RMB for 2023 and 2024, respectively [10][11]. - The second unlocking period's conditions were not fulfilled, leading to the proposed repurchase of unvested shares [11][12]. Amendments to Company Charter - Following the capital reduction, the company's registered capital will decrease from 1,489,990,600 RMB to 1,476,799,580 RMB, and the total number of shares will reduce accordingly [17][18]. - The company will revise its charter to reflect these changes, ensuring compliance with relevant laws and regulations [17][18].

Summary of Zhongfu Industrial Conference Call Company Overview - Zhongfu Industrial operates in three main segments: electrolytic aluminum, aluminum processing, and coal. The company has a total electrolytic aluminum capacity of 750,000 tons, aluminum processing capacity of 690,000 tons, and coal capacity of 2.25 million tons [3][7]. Financial Performance and Projections - For 2025, Zhongfu Industrial expects a net profit attributable to shareholders of approximately 2.24 billion yuan, based on an electrolytic aluminum price of 20,500 yuan/ton and an alumina price of 3,000 yuan/ton. The current P/E ratio is only 8 times, indicating low valuation and growth potential [2][3]. - The company anticipates a significant profit increase in the electrolytic aluminum segment in 2025 due to a 120,000-ton increase in equity capacity, reduced electricity costs from hydropower purchases, and a substantial drop in alumina prices [4][5]. - The projected net profit for 2026 is around 2.55 billion yuan, with a commitment to a minimum dividend payout ratio of 60% from 2025 to 2027, resulting in a dividend yield of approximately 8% [6][15]. Cost Structure and Profitability - The average electricity cost is expected to decrease from 0.53 yuan/kWh to 0.47 yuan/kWh due to changes in the electricity trading scheme in Sichuan, which will enhance profitability in the Guangyuan region [4][11]. - The company has successfully reduced its debt-to-asset ratio from over 100% to 33.4% following its restructuring [10]. Employee Incentives - In February 2025, Zhongfu launched an employee stock ownership plan, transferring 265 million shares at a price of 2.79 yuan per share, totaling approximately 424 million yuan. Over 70% of employees participated in this plan [8]. Business Segment Developments - The aluminum processing segment contributes significantly to revenue, with 63% of revenue from aluminum processing and 32% from electrolytic aluminum in 2024. The coal segment contributes relatively less [10]. - The company has made progress in its canning materials business, raising processing fees for can body and lid materials, which has improved processing profits [12]. Coal Business Status - Zhongfu currently operates three coal mines with a total capacity of 2.25 million tons, but actual equity capacity is only 610,000 tons. The company faced losses in the coal segment in Q1 2025, but expects to return to profitability as all mines resume operations [13]. Long-term Outlook - The company forecasts net profits of 2.76 billion yuan for 2027, with a potential doubling of market value if the dividend yield returns to a normal level of around 5% [6][15]. Conclusion - Zhongfu Industrial is positioned for significant growth in the coming years, driven by improvements in its electrolytic aluminum segment, a strong commitment to dividends, and a solid restructuring outcome. The company maintains a favorable outlook for its financial performance and market valuation.

Core Points - The company has approved the implementation of the third employee stock ownership plan [1][2] - The lock-up period for the employee stock ownership plan will expire on July 7, 2025 [1] - The plan has completed the purchase of company shares through the secondary market as of July 3, 2024 [1] Summary of Employee Stock Ownership Plan - The employee stock ownership plan will have a lock-up period of 12 months from the date of the last share transfer [1] - After the lock-up period, the management committee will decide on the timing of selling the shares held by the plan [1][2] - The plan will comply with market trading rules and relevant laws and regulations [1] Duration, Changes, and Termination of the Plan - The duration of the employee stock ownership plan starts from the date of the last share transfer to the plan [2] - Changes to the plan require approval from at least two-thirds of the participating holders [2] - The plan can be terminated early under certain conditions, including the inability to liquidate all shares before the expiration of the duration [2]

Core Viewpoint - Zhejiang Runtou Co., Ltd. has approved the 2025 Employee Stock Ownership Plan (ESOP) to enhance corporate governance and align the interests of shareholders, the company, and employees [1][2]. Group 1: Employee Stock Ownership Plan - The board meeting approved the draft of the 2025 Employee Stock Ownership Plan to motivate directors, senior management, middle management, and key employees [1]. - The plan aims to establish and improve incentive mechanisms, promoting the long-term and sustainable development of the company [1]. - The plan and its management measures will be submitted for review at the company's first extraordinary general meeting of shareholders in 2025 [2][3]. Group 2: Board Decisions - The board has authorized the board to handle matters related to the 2025 Employee Stock Ownership Plan, including making decisions and modifications [3]. - The authorization is effective from the date of approval by the shareholders' meeting until the completion of the employee stock ownership plan [3]. - The board meeting also approved the convening of the first extraordinary general meeting of shareholders on July 18, 2025 [4].

Meeting Information - The company will hold its first extraordinary general meeting of shareholders for 2025 on July 18, 2025, at 14:30 in Shaoxing City [1][2] - The meeting will combine on-site voting and online voting [1][2] Voting Details - Online voting will be available on July 18, 2025, during specific trading hours [2] - All shareholders registered by July 11, 2025, at 15:00 are entitled to attend the meeting [2][3] Agenda Items - The meeting will discuss the proposal to authorize the board to handle matters related to the company's 2025 employee stock ownership plan [3] - The proposal has been approved by the company's board and is significant for minority investors [3] Registration Requirements - Individual shareholders must present their ID and proof of shareholding to attend [4] - Legal representatives of corporate shareholders must provide relevant documentation [4] Additional Information - The meeting will proceed according to the announced schedule [5] - Specific procedures for online voting are provided in the attached documents [6]

Core Viewpoint - The implementation of the employee stock ownership plan (ESOP) by Zhejiang Runtou Co., Ltd. is deemed beneficial for the company and its shareholders, particularly minority shareholders, aligning with the company's long-term development needs [1][2]. Group 1: Employee Stock Ownership Plan - The company held the second meeting of the seventh board's remuneration and assessment committee on July 1, 2025, to review the ESOP [1]. - The committee confirmed that the decision-making process for the ESOP is legal and effective, ensuring no harm to the interests of the company and all shareholders [1]. - There are no circumstances that prohibit the implementation of the ESOP, and no forced participation or financial assistance arrangements for employees are present [1]. Group 2: Benefits of the ESOP - The ESOP is expected to enhance employee cohesion and the company's competitiveness, creating a community of interests between operators and shareholders [1]. - The plan aims to improve management efficiency and increase the motivation and responsibility of operators, contributing to the company's sustainable development and strategic goals [1].