Core Viewpoint - The company has decided to extend the duration of the Tai Chi Industrial • Eleven Technology Employee Stock Ownership Plan by an additional 12 months, now set to expire on July 17, 2026, following approval from the first holder meeting of 2025 and the 29th meeting of the 10th Board of Directors [1][4]. Summary of Employee Stock Ownership Plan - The employee stock ownership plan was initially approved in October 2015, allowing for the non-public issuance of up to 200 million shares [2]. - As of the latest announcement, the plan holds 815,553 shares, representing a small fraction of the company's total share capital [3]. - The plan has undergone several extensions since its inception, with the most recent extensions occurring in 2020, 2021, 2022, and 2023, each time adding 12 months to the original duration [2][4]. Approval Process - The extension of the employee stock ownership plan was approved unanimously by the Board of Directors, with 8 votes in favor and no opposition [4]. - The independent directors have also expressed their agreement with the extension, confirming that it aligns with regulatory guidelines and does not harm the interests of the company or its shareholders [5].