Core Viewpoint - The company has approved a draft employee stock ownership plan for 2025 to enhance employee engagement and retention, ensuring the long-term and sustainable development of the company [1][2][3] Group 1: Employee Stock Ownership Plan - The board approved the draft of the 2025 Employee Stock Ownership Plan with unanimous support from the directors present [1] - The plan aims to motivate employees, attract and retain key talents, and enhance the company's development potential [1] - The plan management measures were also approved to ensure the implementation aligns with the company's strategic goals [2][3] Group 2: Authorization and Implementation - The board proposed to authorize the board to handle matters related to the employee stock ownership plan, including selecting intermediaries and adjusting participant qualifications [3][4] - The authorization is valid from the approval date of the plan until its completion [5] - The board decided not to hold a temporary shareholders' meeting at this time, indicating a need for further organizational arrangements [6] Group 3: Mergers and Acquisitions - The board approved a proposal regarding participation in the absorption merger of affiliated companies, which will allow the company to convert its shares in a subsidiary into shares of a newly listed entity [6] - This merger is expected to provide potential benefits from the listing of the subsidiary without harming the interests of the company or minority investors [6]