（草案） 声 明 牧原食品股份有限公司（以下简称"本公司"）董事会及全体董事保证本持股 计划内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、 准确性和完整性承担个别及连带责任。 风险提示 一、本持股计划需公司股东大会审议通过后方可实施，本持股计划能否获 得公司股东大会批准，存在不确定性。 证券简称：牧原股份 证券代码：002714 债券简称：牧原转债 债券代码：127045 牧原食品股份有限公司 二、本持股计划设立后将由公司自行管理，但能否达到计划规模、目标存 在不确定性。 三、有关本持股计划具体的资金来源、出资金额、预计规模和具体实施方 案等属初步结果，能否完成实施，存在不确定性。 四、若员工出资额较低，则本持股计划存在不能成立的风险；若员工出资 额不足，本持股计划存在低于预计规模的风险。 五、公司后续将根据规定披露相关进展情况，敬请广大投资者谨慎决策， 注意投资风险。 特别提示 一、为进一步完善和深化干部队伍的长期激励机制，提高员工的凝聚力和 公司竞争力，促进本公司长期、持续、健康发展，基于"自愿参与、依法合规、 长期服务、利益共享、风险自担"的原则，设立牧原食品股份有限公司 2025 ...

Core Viewpoint - The company is establishing a 2025 Employee Stock Ownership Plan (ESOP) to enhance long-term incentives for key management personnel, aiming to improve employee cohesion and company competitiveness while promoting sustainable development [4][10]. Group 1: Plan Overview - The ESOP will involve up to 23.49852 million shares, representing approximately 0.43% of the company's total share capital, sourced from shares repurchased by the company [5][13]. - The plan's duration is set for 10 years, starting from the date of the last share transfer to the ESOP [5][17]. - The plan includes a lock-up period of 12, 24, and 36 months, with respective unlock ratios of 40%, 30%, and 30% based on performance assessments [5][17]. Group 2: Performance Assessment - The performance assessment will include company-level and individual-level metrics, with the company’s revenue growth as a key indicator [22][19]. - The first assessment period targets a revenue increase of at least 12% over the average revenue from 2022 to 2024, with subsequent years requiring 15% and 18% increases respectively [6][19]. - Individual performance will also be evaluated, impacting the unlock ratios of shares based on performance grades [20][21]. Group 3: Participation and Funding - The plan is open to a maximum of 3,884 key management personnel, excluding current directors, supervisors, and senior management [4][12]. - Funding for the plan will come from employees' legal salaries and self-raised funds, with no financial assistance provided by the company [4][13]. - Participants must voluntarily contribute to the plan, and failure to meet funding requirements will result in the loss of corresponding rights [12][13]. Group 4: Governance and Management - A management committee will oversee the ESOP, responsible for daily management and representing the interests of the participants [28][29]. - The plan will not alter the company's control or equity distribution, ensuring compliance with listing requirements [7][11]. - The management committee will also handle any changes to the plan, requiring approval from a majority of the participants [24][28].

证券简称：牧原股份 证券代码：002714 债券简称：牧原转债 债券代码：127045 牧原食品股份有限公司 （草案）摘要 声 明 牧原食品股份有限公司（以下简称"本公司"）董事会及全体董事保证本持股 计划内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实 性、准确性和完整性承担个别及连带责任。 风险提示 一、本持股计划需公司股东大会审议通过后方可实施，本持股计划能否获 得公司股东大会批准，存在不确定性。 二、本持股计划设立后将由公司自行管理，但能否达到计划规模、目标存 在不确定性。 三、有关本持股计划具体的资金来源、出资金额、预计规模和具体实施方 案等属初步结果，能否完成实施，存在不确定性。 四、若员工出资额较低，则本持股计划存在不能成立的风险；若员工出资 额不足，本持股计划存在低于预计规模的风险。 五、公司后续将根据规定披露相关进展情况，敬请广大投资者谨慎决策， 注意投资风险。 特别提示 一、为进一步完善和深化干部队伍的长期激励机制，提高员工的凝聚力和 公司竞争力，促进本公司长期、持续、健康发展，基于"自愿参与、依法合规、 长期服务、利益共享、风险自担"的原则，设立牧原食品股份有限公司 20 ...

文件规定的禁止实施员工持股计划的情形；审议程序合法、有效，不存在损害 公司及全体股东利益的情形，亦不存在摊派、强行分配等方式强制员工参与 2025 年持股计划的情形。公司不存在向持有人提供贷款、贷款担保或任何其他财务 资助的计划或安排。 牧原食品股份有限公司（以下简称"公司"）根据《中华人民共和国公司 法》（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》"）及《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"《上市公司规范运作》"）等有关法律、 法规及规范性文件和《公司章程》的规定制定《牧原食品股份有限公司 2025 年 经营者持股计划（草案）》及其摘要、《牧原食品股份有限公司 2025 年奋斗者 持股计划（草案）》及其摘要、《牧原食品股份有限公司 2025 年骨干员工持股 计划（草案）》及其摘要（以下统称为"2025 年持股计划"），现对公司 2025 年持股计划内容的合规性做出说明如下： 关法律、法规及规范性文件的规定，程序合法、有效。 牧原食品股份有限公司 他法律 ...

牧原食品股份有限公司（以下简称"本公司"）董事会及全体董事保证本持股 计划内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实 性、准确性和完整性承担个别及连带责任。 证券简称：牧原股份 证券代码：002714 债券简称：牧原转债 债券代码：127045 牧原食品股份有限公司 （草案） 声 明 风险提示 一、本持股计划需公司股东大会审议通过后方可实施，本持股计划能否获 得公司股东大会批准，存在不确定性。 二、本持股计划设立后将由公司自行管理，但能否达到计划规模、目标存 在不确定性。 三、有关本持股计划具体的资金来源、出资金额、预计规模和具体实施方 案等属初步结果，能否完成实施，存在不确定性。 四、若员工出资额较低，则本持股计划存在不能成立的风险；若员工出资 额不足，本持股计划存在低于预计规模的风险。 五、公司后续将根据规定披露相关进展情况，敬请广大投资者谨慎决策， 注意投资风险。 特别提示 一、为进一步完善和深化干部队伍的长期激励机制，提高员工的凝聚力和 公司竞争力，促进本公司长期、持续、健康发展，基于"自愿参与、依法合规、 长期服务、利益共享、风险自担"的原则，设立牧原食品股份有限公司 2025 ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 电话/Tel.:010-50867666 传真/Fax:010-56916450 网址/Website:www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达律师事务所 之 法律意见书 康达法意字【2025】第 0425 号 二〇二五年八月 法律意见书 北京市康达律师事务所 关于 关于 牧原食品股份有限公司 牧原食品股份有限公司 之 法律意见书 康达法意字【2025】第 0425 号 致：牧原食品股份有限公司 北京市康达律师事务所（以下简称为"本所"）接受牧原食品股份有限公司（以 下简称"公司"或"牧原股份"）的委托，担任牧原股份 2025 年经营者持股计划（以 下简称"员工持股计划"或"本次经营者持股计划"）的法律顾问，根据《中华人民 共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下 简称"《证券法》"）、中国证券监督管理委员会《关于上市公司实施员工持股计 划试点的指导 ...

牧原食品股份有限公司 第一条 为规范牧原食品股份有限公司（以下简称"公司"）奋斗者持股计划 （以下简称"本持股计划"、"本计划"）的实施与管理，根据《中华人民共和国公 司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券 法》"）、中国证监会《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》"）、中国证券登记结算公司《上市公司员工持股计划试点登 记结算业务指引》等相关法律、行政法规、规章、规范性文件、《牧原食品股份 （以下简称"《公司章程》"）和《牧原食品股份有限公司 2025 年 有限公司章程》 奋斗者持股计划（草案）》（以下简称"《2025 年奋斗者持股计划（草案）》"）之 规定，特制定本办法。 第二条 公司设立本持股计划的目的 治理水平，吸引、激励、留用对公司未来发展有重要影响的核心干部。 的利益共享机制。 者和带头人，促进公司长期稳健发展，实现全体股东利益一致。 第三条 本持股计划的基本原则 （一）依法合规原则 公司实施本持股计划将严格按照法律、行政法规的规定履行程序，真实、准 确、完整、及时地进行信息披露。任何人不得利用本持股计划进行内幕交易、操 纵证券 ...

Core Points - The company has established an employee stock ownership plan to incentivize and retain key management personnel, aligning their interests with those of shareholders [1][2][3] - The plan emphasizes voluntary participation, long-term service, and risk-sharing among participants [2][3][4] - The stock for the plan will be sourced from shares repurchased by the company, with a total of 9.613031 million shares allocated for this purpose [3][5] Summary by Sections Purpose of the Plan - The plan aims to create a profit-sharing mechanism that encourages long-term stability and development of the company [1][2] Basic Principles - The plan adheres to legal compliance, voluntary participation, long-term service, shared interests, and risk-bearing principles [2][4] Participants and Standards - Participants include up to 219 key personnel, excluding independent directors and major shareholders, who will voluntarily join the plan [4][5] Source of Shares - Shares for the plan will come from the company's repurchased stock, with a total of 41.8701 million shares repurchased at an average price of 47.76 yuan per share [3][5] Funding Sources - Participants will fund their stock purchases through their legal salaries and self-raised funds, without any financial assistance from the company [4][6] Duration and Lock-up Period - The plan includes a lock-up period of 12, 24, and 36 months, with specific percentages of shares released based on performance assessments [7][8] Performance Assessment - The plan sets performance targets based on revenue growth, with specific benchmarks for the years 2025 to 2027 [11][12] Management and Rights - A management committee elected by participants will oversee the plan, ensuring compliance and managing assets [13][15] - Participants have equal rights and obligations, including the right to vote in meetings and share in the plan's assets [14][15] Termination and Distribution - The plan can be terminated under certain conditions, with assets distributed based on performance results [26][28]

Group 1 - The core opinion of the article is that the legal opinion letter confirms the compliance and legitimacy of the employee stock ownership plan proposed by Muyuan Foods Co., Ltd. for 2025 [5][23] - Muyuan Foods is a legally established and validly existing joint-stock company, having been founded on December 28, 2009, with a registered capital of 546,276.8135 million RMB [5][6] - The company is listed on the Shenzhen Stock Exchange under the stock code "002714" [6] Group 2 - The employee stock ownership plan has undergone necessary internal resolutions and is pending approval at the upcoming shareholder meeting [8][15] - The plan complies with legal requirements, including voluntary participation and risk-bearing principles for employees [9][10] - The total number of shares allocated under the plan will not exceed 10% of the company's total share capital, with individual employee allocations capped at 1% [10][12] Group 3 - The company has followed the required legal procedures for implementing the employee stock ownership plan, including consultations with employee representatives and board approvals [14][15] - The company has fulfilled its information disclosure obligations regarding the plan, ensuring transparency [17][23] - The voting arrangements for the plan are compliant with regulations, ensuring that related parties abstain from voting [19][24] Group 4 - The plan allows for participation in future financing activities, with decisions made by a management committee and subject to approval by the holders' meeting [21][24] - There is no agreement or arrangement for concerted action between the employee stock ownership plan and the company's controlling shareholders or management [22][24] - The legal opinion concludes that the plan meets all regulatory requirements and is ready for implementation pending shareholder approval [23][24]

Core Viewpoint - The company held its 10th board meeting on August 22, 2025, where several key resolutions were passed, including the approval of the 2025 semi-annual report and plans for stock options and share repurchase [1][2][3]. Group 1: Meeting Resolutions - The board approved the 2025 semi-annual report and summary, which was recognized by the audit committee prior to submission [1]. - A special report on the status of the company's fundraising and actual usage was also approved, following the audit committee's review [2]. - The board approved a proposal to grant reserved stock options to the incentive objects of the 2025 stock option incentive plan, which had been reviewed by independent directors and relevant committees [2]. - The board approved a share repurchase plan using self-owned funds through centralized bidding, aimed at enhancing the long-term incentive mechanism and employee motivation [2].