Group 1 - The core point of the news is that BYD has completed the sale of all shares held under its 2022 employee stock ownership plan through centralized bidding, in compliance with relevant regulations [1] - The employee stock ownership plan was approved in meetings held on April 22, 2022, and May 27, 2022, with details disclosed in various announcements [1] - The first lock-up period of the employee stock ownership plan ended on July 15, 2023, with performance indicators met, and subsequent lock-up periods are scheduled for July 15, 2024, and July 15, 2025 [1] Group 2 - The company aims to attract and retain talented management and key personnel through the establishment of long-term incentive mechanisms and employee benefit-sharing mechanisms, with new employee stock ownership plans approved for 2024 and 2025 [2]

Group 1 - The core opinion of the legal opinion letter is that Guangdong Lair New Materials Technology Co., Ltd. is legally established and has the qualifications to implement the employee stock ownership plan [6][20]. - The company has complied with relevant laws and regulations, including the Securities Law and the Company Law, in the process of implementing the employee stock ownership plan [20][21]. - The employee stock ownership plan is designed to enhance employee cohesion and company competitiveness, aligning the long-term interests of employees, management, and shareholders [17]. Group 2 - The employee stock ownership plan will involve a maximum of 1,507,149 shares, accounting for 0.9712% of the company's total share capital of 155,177,929 shares [12]. - The plan's funding will come from shares repurchased by the company, ensuring compliance with the relevant guidelines [9]. - The management committee will oversee the daily operations of the employee stock ownership plan, ensuring the protection of the rights of plan participants [12][13]. Group 3 - The company has conducted sufficient consultations with employees regarding the employee stock ownership plan, ensuring voluntary participation [17]. - The plan will require approval from the shareholders' meeting, with related parties required to abstain from voting [18][19]. - The company has fulfilled its information disclosure obligations related to the employee stock ownership plan and will continue to do so as the plan progresses [19][21].

Core Points - The company announced a share repurchase plan with a total expected amount between 10 million and 20 million RMB, with a maximum repurchase price of 2.36 RMB per share [1][2] - The repurchase period is set from July 20, 2024, to July 19, 2025 [1] - The actual number of shares repurchased is 5,302,600, representing 0.39% of the total share capital, with a total repurchase amount of approximately 10.05 million RMB [1][3] Repurchase Plan Details - The board approved the share repurchase plan during the 15th meeting of the 11th board session [1] - The repurchased shares will be used for employee stock ownership plans or equity incentives [2] - The funding source for the repurchase was adjusted to include both self-owned and self-raised funds [2] Implementation Status - As of the announcement date, the company has completed the share repurchase, adhering to relevant laws and regulations [3][4] - The repurchase was executed through the Shanghai Stock Exchange trading system [3] - The repurchase will not significantly impact the company's operational activities, financial status, or future development [3] Shareholder Activity - Prior to the repurchase, management members planned to increase their holdings in the company, with a total intended investment between 250,000 and 500,000 RMB [4] - As of December 24, 2024, management had increased their holdings by 177,900 shares, accounting for 0.013% of the total share capital [5] Future Plans for Repurchased Shares - The repurchased shares will be stored in a dedicated repurchase account and will be used for employee stock ownership plans or equity incentives [7] - If the shares are not transferred within three years after the announcement of the repurchase results, they will be canceled [7] - The company will comply with relevant regulations and disclose information timely regarding the use of repurchased shares [8]

Group 1 - The company held its 11th meeting of the 3rd Supervisory Board on July 18, 2025, with all 3 supervisors present, confirming compliance with legal and regulatory requirements [2] - The Supervisory Board approved the conditions for the first unlock period of the 2024 restricted stock and stock option incentive plan, allowing 132 individuals to unlock 923,560 shares and exercise 914,760 stock options [2][3] - The Board also approved the repurchase and cancellation of 35,640 restricted stocks and stock options due to the departure of 2 incentive plan participants and the performance of 1 participant being deemed "qualified" [3][4] Group 2 - The Supervisory Board agreed to adjust the repurchase price of restricted stocks and the exercise price of stock options under the 2024 incentive plan, confirming that the adjustments comply with relevant regulations [4] - The Board approved adjustments to the 2025 employee stock ownership plan, ensuring that the changes are within the authorized scope and do not harm the interests of the company and its shareholders [5] - The chairman of the Supervisory Board recused himself from voting on the employee stock ownership plan adjustments [5]

Core Viewpoint - The company, Jiangxi Jiufeng Energy Co., Ltd., has announced adjustments to its 2025 employee stock ownership plan, including a change in the share purchase price due to recent dividend distributions [2][3]. Group 1: Adjustment Details - The adjustment was made following the distribution of a cash dividend of 0.82868 yuan per share (including tax), which affects the calculation of the share purchase price for the employee stock ownership plan [2]. - The share purchase price for the 2025 employee stock ownership plan has been adjusted from 12.61 yuan per share to 11.80 yuan per share [3]. - The adjustments comply with relevant regulations and do not harm the interests of the company or its shareholders [3]. Group 2: Impact and Compliance - The adjustment to the employee stock ownership plan will not have a substantial impact on the company's financial and operational status [3]. - The supervisory board has reviewed the adjustments and confirmed their legality and compliance with applicable guidelines [3][4]. - The legal opinion from Guohao Law Firm supports that the necessary approvals and authorizations for the adjustments have been obtained [4].

Core Viewpoint - The company announces the completion of the lock-up period for its 2024 Employee Stock Ownership Plan (ESOP) and the achievement of the unlocking conditions, allowing for the release of shares held under this plan [1][6]. Summary by Sections 1. Approval and Implementation of the ESOP - The company held meetings on June 5, 2024, and June 21, 2024, to approve the 2024 ESOP, which was subsequently disclosed on the Shanghai Stock Exchange [1]. 2. Adjustment of Stock Purchase Price - On June 21, 2024, the board approved an adjustment of the stock purchase price from 15.48 CNY per share to 15.19 CNY per share due to the company's 2023 equity distribution [2]. 3. Lock-up Period Completion - The lock-up period for the ESOP lasted 12 months, and it has now ended, allowing for the unlocking of 657,000 shares, which represents 0.83% of the company's total share capital [3][6]. 4. Performance Assessment for Unlocking - The unlocking of shares was contingent upon achieving specific performance metrics related to the company's net cash flow from operating activities and net profit. The company met its performance targets, resulting in a 100% unlocking ratio [6][5]. 5. Subsequent Arrangements and Trading Restrictions - Following the completion of the lock-up period, the management committee will sell the unlocked shares at an appropriate time, adhering to market trading rules and regulations regarding sensitive information periods [7][6]. 6. Board Committee Opinion - The board's remuneration and assessment committee confirmed that the unlocking conditions were met in compliance with the ESOP regulations, ensuring no harm to the interests of the company or its shareholders [7][6]. 7. Ongoing Monitoring - The company will continue to monitor the implementation of the ESOP and fulfill its disclosure obligations as required by law [6][8].

Summary of Key Points Core Viewpoint - The announcement details the first employee stock ownership plan of Shanxi Huhua Group Co., Ltd., including the lock-up period and subsequent arrangements for the plan's shares [1][3]. Group 1: Employee Stock Ownership Plan Overview - The employee stock ownership plan was approved during meetings held on April 2, 2024, and May 17, 2024, with the stock sourced from the company's repurchase account [1][2]. - The total number of shares involved in the plan is 2,005,044, which represents 1% of the company's total share capital [2]. Group 2: Lock-up Period and Subsequent Arrangements - The lock-up period for the employee stock ownership plan is set for 12 months, starting from July 19, 2024, and ending on July 19, 2025 [2][3]. - After the lock-up period, the management committee will handle the disposal of unlocked shares in compliance with relevant regulations [3]. Group 3: Plan Duration and Termination - The total duration of the employee stock ownership plan is 36 months, beginning from the date of the last stock transfer to the plan [3][4]. - The plan can be terminated early if all shares are sold or transferred, or it can be extended with the approval of two-thirds of the plan holders [4][5].

Group 1 - The employee stock ownership plan (ESOP) complies with relevant laws and regulations, and there are no prohibitive circumstances for its implementation [1][2] - The designated participants of the ESOP meet the eligibility criteria outlined in the relevant legal documents, ensuring their qualifications are legitimate and valid [1][2] - Participation in the ESOP is voluntary, with no coercion or forced distribution of shares among employees [2] Group 2 - The implementation of the ESOP is expected to enhance the alignment of interests between employees and shareholders, improve corporate governance, and increase employee cohesion and competitiveness [2] - The plan aims to create a community of shared interests among shareholders, the company, and employees, thereby enhancing motivation and creativity among employees [2] - The supervisory board believes that the ESOP will not harm the interests of the company or its shareholders and aligns with the long-term development needs of the company [2]

Group 1 - The company held its seventh meeting of the seventh supervisory board on July 10, 2025, with all three supervisors present, complying with relevant laws and regulations [1][2] - The supervisory board reviewed and approved the draft of the fourth employee stock ownership plan, confirming its compliance with the Company Law, Securities Law, and other relevant guidelines, ensuring no harm to the company's interests or shareholders' rights [1][2] - The employee stock ownership plan aims to enhance the alignment of interests between employees and shareholders, improve corporate governance, and boost employee motivation and creativity for sustainable development [1] Group 2 - The supervisory board also reviewed the management measures for the fourth employee stock ownership plan, affirming its legality and effectiveness, which supports the smooth implementation of the plan and the company's ongoing development [2] - All supervisors abstained from voting on the employee stock ownership plan due to their participation, and the proposal will be submitted to the company's first extraordinary general meeting of shareholders in 2025 for further approval [2]

Group 1 - The company plans to cancel 2,000,000 shares from its repurchased stock, reducing its registered capital from 512,053,647 yuan to 510,053,647 yuan [1][2] - The company had previously repurchased 10 million shares for employee stock ownership plans, completing the buyback on September 23, 2022 [1][2] - The cancellation of shares is intended to boost earnings per share and enhance shareholder returns, while not significantly impacting the company's financial status or future development [2] Group 2 - The remaining 2,000,000 shares in the repurchase account will expire on September 22, 2025, and have not been used for employee stock ownership plans [2] - After the cancellation, the total number of shares will decrease from 512,053,647 to 510,053,647 [2] - The company's equity distribution will still meet listing requirements, ensuring no change in its listing status [2]