Group 1 - The company announced the completion of the eighth phase of the global partner stockholding plan and the fifth phase of the business partner stockholding plan [1] - In July and August 2022, the two plans acquired a total of 3.7704 million shares and 2.8268 million shares through repurchase [1] - Due to some holders not meeting qualifications or performance targets, the final allocations were 3.1475 million shares and 2.0485 million shares respectively [1] Group 2 - The shares held under both plans will be sold through centralized bidding from December 9, 2025, to January 9, 2026 [1] - Following the sale, the company will conduct asset liquidation and distribution, with proceeds allocated to holders based on their share ownership after tax deductions [1]

Core Viewpoint - The company has established a 2025 Partner Stock Ownership Plan aimed at aligning the interests of shareholders, the company, and long-term partners, while enhancing employee engagement and performance [1][2]. Summary by Sections General Principles - The stock ownership plan will be implemented in compliance with relevant laws and regulations, ensuring accurate and timely information disclosure [1]. - Participation in the plan is voluntary for employees, with no forced allocation [1]. Objectives and Significance - The plan aims to foster a cohesive team aligned with the company's values, enhancing motivation and stability among core personnel [2]. - It supports sustainable development and focuses on long-term value creation, ensuring the achievement of the company's strategic goals [2]. Participants in the Plan - The plan's participants are determined based on legal frameworks and company regulations, with the board of directors responsible for the final list [4]. - A total of 21 employees will participate, with specific allocations for different roles, including 4 senior management members [5]. Funding and Stock Sources - The funding for the plan amounts to approximately 48.99 million yuan, representing 1.85% of the company's audited net profit for 2024 [8]. - The stock will be sourced from shares repurchased by the company, totaling 1,354,371 shares at a price of 36.1725 yuan per share [7]. Lock-up and Duration - The lock-up period for the plan is set at 12 months, starting from the date of the last stock transfer to the plan [8]. - The plan has a total duration of 36 months, with the possibility of extension upon approval [8]. Rights and Distribution of Shares - The first category of participants includes key personnel whose performance directly impacts the company's success, with performance targets set for both company and individual levels [10]. - If performance targets are met, participants will receive shares based on their individual performance evaluations [10]. Management Structure - The plan will be managed by a committee elected by the participants, with the board of directors overseeing the overall implementation [13]. - The participants have the right to convene meetings to discuss and vote on significant matters related to the plan [15]. Compliance and Accountability - The management committee is responsible for ensuring compliance with legal obligations and managing the plan's assets [17]. - Any violations of company policies or laws by participants may result in the forfeiture of their shares [12].