Core Viewpoint - The company has established an investment incubation project co-investment system aimed at enhancing innovation and entrepreneurship among core personnel while managing investment risks and improving overall competitiveness for better shareholder returns [1][2]. Group 1: Investment Incubation Project Co-Investment System - The co-investment system allows eligible core personnel to invest in and hold equity in the company's innovative business subsidiaries through an employee stock ownership platform [1]. - The system is designed to stimulate innovation and entrepreneurship, reduce investment risks, and strengthen the execution and combat effectiveness of the company’s team [1][2]. - The company retains a minimum ownership stake of 51% in any investment incubation project subsidiary [1][2]. Group 2: Management and Implementation - A leadership group for the co-investment system has been established, led by the chairman, to oversee the implementation and progress of the co-investment plans [2]. - Core personnel participating in the co-investment must independently raise funds and bear the investment risks without any financial support from the company [2][3]. - The leadership group will determine the investment amounts, equity ratios, and the list of core personnel involved in the co-investment [2]. Group 3: Rights and Obligations - Core personnel must pay their co-investment contributions on time, or they risk losing their investment qualifications [3]. - The employee stock ownership platform can exit investments through mergers or transfers, with profits distributed based on actual contributions [3][4]. - The rights and obligations of participating core personnel will be defined in agreements that align with the co-investment system [4]. Group 4: Exit and Adjustment Mechanisms - The employee stock ownership platform has the right to exit the investment projects, but the company retains a priority repurchase right [4][5]. - If the investment project subsidiary meets the conditions for independent listing, the company will support its spin-off listing [5]. - Adjustments to the co-investment system may be required based on long-term project health or regulatory demands, with the employee stock ownership platform expected to cooperate [5].