Core Viewpoint - The company, Suzhou Xidian New Energy Electric Co., Ltd., is implementing a second employee stock ownership plan aimed at enhancing employee motivation and aligning interests between shareholders and employees through stock ownership [1][2]. Summary by Sections Employee Stock Ownership Plan Overview - The employee stock ownership plan is established in accordance with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [2]. - Participation in the plan is voluntary, and employees are not forced to participate [2][8]. Funding and Stock Source - The funding for the plan will come from employees' legal salaries, self-raised funds, and other legally permitted methods, with a total funding scale not exceeding 18 million yuan [3][12]. - The stock for the plan will be sourced from shares repurchased by the company, with a total of up to 775,862 shares, accounting for 0.48% of the company's total share capital [3][14]. Stock Purchase Price - The purchase price for the shares under the plan is set at 23.20 yuan per share, with conditions for price adjustments based on market performance [5][16]. Duration and Lock-up Period - The plan has a duration of 48 months, with shares being unlocked in phases based on performance metrics [5][17]. - The first batch of shares will be unlocked after 12 months, with subsequent batches following at 24 and 36 months [17][18]. Performance Assessment - The performance assessment for unlocking shares will be based on company revenue and net profit growth, with specific targets set for the years 2025 to 2027 [19][20]. - Individual performance assessments will also be conducted, determining the unlocking ratio based on employee performance evaluations [22]. Management and Governance - The plan will be managed by a management committee elected by the participants, ensuring that employee rights are protected [2][28]. - The management committee is responsible for daily operations, financial management, and compliance with legal requirements [31][32]. Rights and Obligations - Participants in the plan will have rights to dividends and other benefits, but they cannot transfer or pledge their shares without committee approval [26][30]. - The company is obligated to manage the plan in accordance with laws and to ensure transparency in operations [31][32].

Group 1 - The company, Suzhou Xidian New Energy Electric Co., Ltd., is convening its third extraordinary general meeting of shareholders on September 4, 2025 [2][3] - The meeting will be held at the company's headquarters in Suzhou, with both on-site and online voting options available [3][4] - Shareholders must register to attend the meeting, with specific requirements outlined for both individual and corporate shareholders [8][11] Group 2 - The company is proposing an employee stock ownership plan, which requires approval from the shareholders' meeting before implementation [15][16] - The plan aims to enhance employee engagement and align the interests of employees with those of shareholders [26][27] - The total funding for the employee stock ownership plan is capped at 18 million yuan, with each share priced at 1 yuan [21][34] Group 3 - The employee stock ownership plan will involve a maximum of 775,862 shares, representing 0.48% of the company's total share capital [22][37] - The plan includes a lock-up period and performance-based vesting criteria, ensuring that shares are only released based on company performance and individual assessments [40][44] - The company has established a management committee to oversee the employee stock ownership plan and ensure compliance with relevant regulations [57][59]