Core Viewpoint - The company has completed the sale of its second employee stock ownership plan, adhering to relevant regulations and ensuring transparency in the process [1][4]. Group 1: Employee Stock Ownership Plan Overview - The second employee stock ownership plan was approved by the company's board on November 16, 2021, and by the shareholders on December 2, 2021 [1]. - The stock for this plan was sourced from 13,111,100 shares held in the company's repurchase account, representing 2.33% of the total share capital [2]. - The plan has a duration of 48 months, with stock unlocking occurring in two phases after 12 and 24 months, each allowing for 50% of the shares to be unlocked [2]. Group 2: Sale and Distribution of Shares - The sale of shares from the employee stock ownership plan occurred from July 24, 2023, to November 24, 2025, through centralized bidding [4]. - The first lock-up period's performance targets were met, allowing for the distribution of cash assets based on individual performance [4]. - The second lock-up period's performance targets were not met, and the management committee will handle the liquidation and distribution of assets for this portion [5].

Core Points - The employee stock ownership plan (ESOP) of Jindan Technology is designed to enhance the incentive mechanism and attract talent, aiming for sustainable growth [1][2] - The performance assessment for the ESOP includes company-level and individual-level evaluations for the fiscal years 2026 and 2027 [1] - The company targets a revenue growth of no less than 10% or a net profit growth of no less than 20% in 2026, and a revenue growth of no less than 30% or a net profit growth of no less than 30% in 2027 [1] - The ESOP will involve a maximum of 147 key personnel, including directors, senior management, and core technical staff, with a total share transfer not exceeding 1 million shares at a price of 11.12 yuan per share [2] Company Overview - Jindan Technology is a national high-tech enterprise that produces lactic acid using modern microbial fermentation technology, with corn as its core raw material [1]

Core Viewpoint - JinDan Technology (300829.SZ) announced the first phase of its employee stock ownership plan, which involves the acquisition of up to 1 million shares from the company's repurchase account, representing approximately 0.44% of the total share capital as of the announcement date [1] Group 1 - The employee stock ownership plan will utilize shares from the company's repurchase account, specifically A-share common stock [1] - The total number of shares involved in the plan is capped at 1 million [1] - The shares represent about 0.44% of the company's total share capital of 22,727.5107 million shares as of the announcement date [1] Group 2 - The plan has been approved by the company's shareholders [1] - The shares will be acquired through non-trading transfers and other legally permitted methods [1] - The acquisition price for the shares is set at 11.12 yuan per share [1]

Core Viewpoint - JinDan Technology (300829.SZ) has disclosed the draft of its first employee stock ownership plan, which aims to enhance employee engagement and align their interests with the company's performance [1] Group 1: Employee Stock Ownership Plan - The employee stock ownership plan will involve a maximum of 147 participants [1] - The shares will be sourced from the company's repurchased A-share common stock, totaling no more than 1 million shares, which represents approximately 0.44% of the company's total equity as of the announcement date [1] - The plan will be executed through non-trading transfers and other legally permitted methods, with a purchase price set at 11.12 yuan per share [1]

Core Points - The first phase of the employee stock ownership plan of Satellite Chemical Co., Ltd. will expire on May 24, 2026 [1] - The plan was approved by the board and shareholders in May 2022, with the first stock transfer completed on May 25, 2022 [2] - The number of shares held under the plan increased from 4,843,900 to 9,488,644 due to the implementation of dividend distribution plans [2] - As of May 24, 2023, the 12-month lock-up period for the plan has expired, and no shares have been sold or used for collateral [3] Summary of the Plan - The plan has a duration of 48 months, starting from May 25, 2022, to May 24, 2026, and can be extended upon board approval [3] - Any significant changes to the plan require approval from two-thirds of the participating holders and the board [5] - The plan will automatically terminate upon expiration or can be terminated early if all assets are in cash after the lock-up period [5] - The company will continue to monitor the implementation of the plan and fulfill disclosure obligations as required by law [5]

Core Viewpoint - The company has successfully met the unlocking conditions for the first lock-up period of its 2024 employee stock ownership plan, allowing for the release of 2,550,362 shares, which represents 0.37% of the total share capital [12][8][6]. Group 1: Employee Stock Ownership Plan Implementation - The employee stock ownership plan was approved during meetings held on August 26, 2024, and September 11, 2024, with relevant announcements made on August 27 and September 12, 2024 [1]. - The plan involves three batches of stock unlocks, with the first batch unlocking 40% of the total shares held under the plan after 12 months from the last transfer date [2]. Group 2: Performance Assessment - The company's 2024 revenue reached approximately 22.40 billion yuan, reflecting an 11.05% increase from 2023, which falls within the target range for revenue growth [3][4]. - The overall unlocking ratio based on company performance is calculated at 86.83% [5]. Group 3: Individual Performance Evaluation - Out of 240 potential participants, 226 remain eligible for the plan, with 221 achieving performance ratings of A/B, resulting in a 100% unlocking ratio for this group, while 5 individuals rated C will have a 90% unlocking ratio [5]. - The total number of shares eligible for unlocking based on individual performance is 2,550,362 [6]. Group 4: Future Arrangements - The management committee will determine the timing and method for disposing of the unlocked shares in accordance with the plan's regulations [7]. - The employee stock ownership plan will adhere to market trading rules and relevant regulations from the China Securities Regulatory Commission and the Shenzhen Stock Exchange [7]. Group 5: Board Review - The board's remuneration and assessment committee confirmed that the unlocking conditions have been met and that the decision-making process was compliant with regulations, ensuring no harm to the interests of shareholders [8][12].

Group 1 - The company appointed Mr. Ye Jinchun as the new president, effective from the date of the board meeting on November 21, 2025, until the end of the current board's term [2][7][8] - The board meeting was legally convened with all eight directors present, and the decision to appoint the new president was unanimous [3][6] - The previous president, Mr. Liu Yuping, resigned due to work adjustments, and his departure will not affect the company's daily operations [7][8] Group 2 - The company approved a share repurchase plan, intending to buy back shares worth between RMB 200 million and RMB 400 million, to enhance investor confidence and improve long-term incentive mechanisms [5][11][15] - The repurchase will occur within a 12-month period from November 21, 2025, to November 20, 2026, with a maximum price of RMB 124.15 per share [11][18][22] - The repurchased shares will be used for the company's employee stock ownership plan, and if not fully utilized within three years, the unutilized shares will be canceled [15][31][32] Group 3 - The company has a healthy financial position, with total assets of approximately RMB 10.96 billion and net assets of about RMB 9.33 billion as of September 30, 2025 [25] - The repurchase plan is expected to have a minimal impact on the company's daily operations and financial health, as the total repurchase amount represents about 3.65% of total assets and 4.29% of net assets [25][26] - The management believes that the share repurchase reflects confidence in the company's intrinsic value and will help maintain the company's market image [25][26]

Core Viewpoint - The announcement details the third unlocking phase of the 2022 employee stock ownership plan of Antong Holdings, which is set to expire on November 22, 2025, allowing for the release of 9,298,750 shares, representing 0.2197% of the company's total share capital [4]. Group 1: Implementation of the Employee Stock Ownership Plan - The 2022 employee stock ownership plan was approved by the board on April 28 and May 20, 2022, with shares sourced from the company's repurchased A-shares [1]. - As of November 21, 2022, the company transferred 37,195,000 shares to the employee stock ownership plan account, accounting for 0.8790% of the total share capital, at a price of 4.033 yuan per share [2]. Group 2: Unlocking Phases - The first and second unlocking phases of the employee stock ownership plan occurred on November 22, 2023, and November 22, 2024, respectively, releasing a total of 18,597,500 shares, which is 0.4395% of the current total share capital [3]. - The third unlocking phase will release 9,298,750 shares, which is 0.2197% of the total share capital, on November 22, 2025 [4]. Group 3: Future Arrangements - Currently, the employee stock ownership plan holds 37,195,000 shares, representing 0.8790% of the total share capital, with future sales to be determined by the management committee based on market conditions [5]. Group 4: Trading Restrictions - The employee stock ownership plan will adhere to market trading rules and will not trade shares during specific periods, including 15 days before annual and semi-annual report announcements and 5 days before quarterly report announcements [6]. Group 5: Duration and Termination of the Plan - The employee stock ownership plan has a duration of 60 months, starting from the last transfer of shares to the plan [7]. - The plan can be extended if two-thirds of the holders agree, and it will terminate automatically if not extended after the duration ends [7].

Group 1 - The first meeting of the 2025 Employee Stock Ownership Plan (ESOP) was held on November 21, 2025, with 162 out of 168 holders present, representing 29.02 million shares, which is 83.97% of the total plan shares [2] - The meeting approved the establishment of a management committee for the 2025 ESOP to oversee its implementation and protect the rights of the holders [2] - The management committee consists of three members, with a term aligned with the duration of the 2025 ESOP [4] Group 2 - The meeting unanimously elected three members to the management committee, with no conflicts of interest with major shareholders or company executives [4] - The committee's first meeting was held on the same day, electing one member as the committee chair [4] - The management committee is authorized to handle various matters related to the ESOP, including convening meetings and managing the plan's assets [5][6]

Group 1 - The core point of the announcement is that Wuhu Xinzeyhai Industrial Investment Partnership (Limited Partnership) has released a pledge on 150,000,000 shares of Xining Special Steel Co., Ltd., which accounts for 31.5% of its total holdings and 4.61% of the company's total shares [2][3] - After the release of the pledge, Wuhu Xinzeyhai and its concerted actors hold a total of 686,548,921 shares, representing 21.09% of the company's total shares, with a cumulative pledged share of 100,000,000 shares, which is 14.57% of their total holdings and 3.07% of the company's total shares [2][3] - Wuhu Xinzeyhai has confirmed that there are no plans for subsequent pledges of the released shares, and any future changes will be communicated in a timely manner [3] Group 2 - The first employee stock ownership plan of Xining Special Steel is set to expire on November 22, 2026, and has undergone several extensions since its initial approval in 2015 [7][8] - As of the announcement date, the employee stock ownership plan has sold 2,546,260 shares, approximately 0.08% of the current total share capital, and currently holds 1,352,740 shares, about 0.04% of the total [8][10] - The management committee of the employee stock ownership plan will manage the sale of shares according to the holders' applications and relevant regulations before the expiration of the plan [10][11]