Core Viewpoint - Fujian Yuanli Activated Carbon Co., Ltd. is implementing an employee stock ownership plan (ESOP) for 2025, which aims to enhance employee engagement and align their interests with the company's long-term performance [1][4][15]. Group 1: Employee Stock Ownership Plan Details - The ESOP will involve 285 employees, including directors, supervisors, senior management, and key staff, with individual shareholding capped at 1% of the total share capital [5][9]. - The total funds to be raised through the ESOP amount to 39.037 million yuan, with a minimum subscription of 100 yuan per employee [6][10]. - The plan will be funded through employees' legal salaries and self-raised funds, without any financial assistance or guarantees from the company [5][9]. Group 2: Legal Compliance and Procedures - The company has fulfilled necessary legal procedures as per the Company Law, Securities Law, and relevant guidelines, ensuring the ESOP's legality and compliance [4][16]. - The ESOP's management will be overseen by a management committee elected by the participants, ensuring proper governance and accountability [8][11]. - The plan includes provisions for a lock-up period of 12 and 60 months for the shares, with a total duration of 72 months for the ESOP [7][10]. Group 3: Information Disclosure - The company has met its initial information disclosure obligations regarding the ESOP and will continue to provide updates as the plan progresses [20]. - Future disclosures will include details on the number of participating employees, the source of funds, and any changes in shareholding due to the ESOP [20].

Group 1 - The company completed the non-trading transfer of shares related to the 2024 employee stock ownership plan, involving 1,228,750 shares for 264 employees, following the first lock-up period expiration on May 16, 2025 [1][2] - The employee stock ownership plan was approved during board meetings on April 15, 2024, and May 6, 2024, allowing the company to repurchase 2,457,500 shares at a price of 14.66 yuan per share [1] - The transferred shares represent 0.3374% of the company's total share capital, and the remaining shares will be managed according to relevant laws and the employee stock ownership plan [2] Group 2 - The company received the securities transfer registration confirmation from China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, on May 21, 2025 [2] - The first lock-up period allowed for the unlocking of 50% of the shares, which were successfully transferred to eligible employees [1] - The company will fulfill its information disclosure obligations as required by laws and the employee stock ownership plan [2]

Group 1: Company Performance and Market Position - The company has seen steady growth in the sales of wood-based activated carbon, with an increasing market share despite significant declines in coal prices over the past two years [2][3]. - The company’s new energy carbon materials, including supercapacitor carbon and hard carbon, have achieved mass production and sales, gaining favor among downstream application manufacturers [2][3]. - The company’s active carbon production capacity exceeded 140,000 tons by the end of 2024, up from over 80,000 tons at the end of 2019 [4][6]. Group 2: Financial Performance and Profitability - The company reported a decline in net profit for Q1 2025 compared to the previous year, attributed to the sale of Yuanhe Chemical last year, although the gross margin remained stable [3][4]. - The company is focused on enhancing operational efficiency and profitability through various strategies, including mergers and acquisitions, stock incentives, and cash dividends [4][6]. Group 3: Future Growth and Expansion Plans - The company plans to continue expanding its production capacity for activated carbon and is currently constructing a project for an annual output of 2,000 tons of porous carbon [4][5]. - The carbonization method for white carbon black is part of the company's circular economy strategy, which is expected to significantly enhance overall efficiency [3][6]. - The company is exploring collaborations with solid-state battery manufacturers and is optimistic about the future growth potential of bamboo-based carbon in the environmental sector [3][4].

Group 1 - The core message emphasizes the need for ecological protection while leveraging local resources to develop特色产业 (characteristic industries) in Baise, aiming for high-quality economic and social development [1][4] - The focus is on optimizing the layout of modern特色农业 (characteristic agriculture) and promoting deep processing of agricultural products, rural tourism, and the integration of agriculture and culture [2][3] - The importance of enhancing the aluminum industry in Baise, which is rich in mineral resources, is highlighted, with a call for upgrading the industry to a higher value chain and ensuring environmental protection [3][4] Group 2 - The need for effective governance and support for relocated communities is stressed, ensuring they can integrate into urban life and avoid poverty [2] - The role of local enterprises, such as广西田林百矿铝业有限公司 and广西正丰环保科技有限公司, in driving innovation and environmental sustainability is acknowledged, with encouragement for increased R&D investment [3] - The significance of cultural heritage protection and its integration with tourism development is emphasized, promoting patriotism and the transmission of traditional culture [3]