Core Viewpoint - The report outlines the "Common Growth" employee stock ownership plan proposed by SF Holding Co., Ltd, aiming to enhance the company's strategic execution, market competitiveness, and long-term healthy development through employee participation in stock ownership [7][30]. Summary by Sections Definition and Scope - The plan involves granting virtual stock units to employees, with each unit corresponding to one share of the company's A-shares [2][3]. - Participants include key personnel such as directors (excluding independent directors), supervisors, senior management, and core staff [7]. Plan Structure - The total number of shares involved in the plan is capped at 200 million A-shares, representing approximately 4% of the company's total share capital [8][31]. - The stock will be transferred from the controlling shareholder, Mind Control Holdings, to the plan's account in one or multiple transactions [8][31]. Vesting and Lock-up Periods - The plan has a maximum duration of 15 years, with a vesting period structured over nine years [12][31]. - Each year, a lock-up period of 12 months will follow the vesting, during which participants can receive cash dividends but cannot sell their shares [12][13]. Performance Assessment - The plan includes performance targets at both the company and individual levels, with the final number of shares allocated to participants based on these assessments [12][31]. - The company’s net profit growth rate will be a key metric for determining share allocation [12]. Management and Governance - The plan will be managed by a management committee elected by the participants, which will oversee daily operations and represent the interests of the participants [20][26]. - The management committee is responsible for convening meetings, managing share allocations, and ensuring compliance with relevant regulations [20][26]. Compliance and Legal Framework - The plan adheres to existing laws and regulations, ensuring voluntary participation and risk-bearing by employees [30][31]. - The report confirms that the plan does not involve any forced participation or financial assistance from the company to employees [30].