Group 1 - The company held its first extraordinary general meeting of shareholders in 2025 on July 29, 2025, combining on-site and online voting methods [2][3][4] - The meeting was attended by 509 shareholders and their representatives, representing 378,539,459 shares, which is 45.2084% of the total voting shares [6] - The meeting's location was at the company's conference room in Hangzhou, Zhejiang Province, and was presided over by Chairman Wu Changhong [5] Group 2 - The meeting approved three main proposals related to the 2025 employee stock ownership plan, with significant support from shareholders [10][12][14] - Proposal 1 regarding the employee stock ownership plan draft received 81.1431% approval from the voting shares [10] - Proposal 2 concerning the management measures for the employee stock ownership plan was approved with 81.1481% of the voting shares in favor [12] - Proposal 3, which authorized the board to handle matters related to the employee stock ownership plan, also received 81.1449% approval [14]

Group 1 - The core point of the news is that BYD has completed the sale of all shares held under its 2022 employee stock ownership plan through centralized bidding, in compliance with relevant regulations [1] - The employee stock ownership plan was approved in meetings held on April 22, 2022, and May 27, 2022, with details disclosed in various announcements [1] - The first lock-up period of the employee stock ownership plan ended on July 15, 2023, with performance indicators met, and subsequent lock-up periods are scheduled for July 15, 2024, and July 15, 2025 [1] Group 2 - The company aims to attract and retain talented management and key personnel through the establishment of long-term incentive mechanisms and employee benefit-sharing mechanisms, with new employee stock ownership plans approved for 2024 and 2025 [2]

Group 1 - The core viewpoint of the announcement is that the company's 2025 employee stock ownership plan is in compliance with relevant laws and regulations, and aims to enhance corporate governance and attract talent [1][2] - The supervisory board meeting was held on July 11, 2025, with all three supervisors present, and the meeting was deemed legally valid [1] - The supervisory board concluded that the employee stock ownership plan will not harm the interests of the company and its shareholders, and is aligned with the company's long-term sustainable development goals [2] Group 2 - The voting results for the employee stock ownership plan were 2 votes in favor, 0 against, and 0 abstentions, with one supervisor abstaining due to a conflict of interest [2] - The plan will be submitted for review at the company's first extraordinary shareholders' meeting of 2025 [2] - The management measures for the 2025 employee stock ownership plan are designed to ensure smooth implementation and compliance with regulations [2]

Core Points - The Supervisory Board of Anhui Zhonghuan Environmental Protection Technology Co., Ltd. has reviewed and approved the company's 2025 Employee Stock Ownership Plan (ESOP) [1][2] - The plan is in compliance with relevant laws and regulations, including the Company Law, Securities Law, and specific guidelines for implementing employee stock ownership plans [1][2] - The Supervisory Board confirmed that there are no coercive measures for employee participation, nor any financial assistance provided to employees for the ESOP [1][2] Summary by Sections - The Supervisory Board conducted a thorough discussion and found the procedures for the ESOP to be legal and effective [1] - The ESOP aims to align the interests of the company, shareholders, and employees, enhancing the employee incentive mechanism and improving corporate governance [2] - Due to the absence of a sufficient number of non-related supervisors for a valid resolution, the Supervisory Board decided to submit the proposal directly to the company's first extraordinary general meeting of shareholders in 2025 [2]

Core Viewpoint - The company has developed a draft for the 2025 Employee Stock Ownership Plan (ESOP) in compliance with relevant laws and regulations, aiming to enhance employee motivation and the company's competitiveness [1][2]. Group 1: Compliance and Legal Framework - The company confirms that it meets the qualifications for implementing the employee stock ownership plan as per the Company Law and Securities Law of the People's Republic of China [1]. - There are no circumstances that would harm the interests of the company and all shareholders, and participation in the ESOP is not mandatory for employees [1]. - The company has ensured that related directors abstained from voting on the ESOP proposal in accordance with legal and regulatory requirements [1]. Group 2: Objectives and Benefits - The implementation of the ESOP is expected to improve the company's incentive and restraint mechanisms, thereby increasing employee cohesion and overall competitiveness [2]. - The plan aims to stimulate employee enthusiasm and creativity, promoting the company's long-term, sustainable, and healthy development [2].

Group 1 - The company held the seventh meeting of the eighth Supervisory Board on June 27, 2025, via communication, with all three supervisors present, complying with relevant laws and regulations [1] - The Supervisory Board approved the proposal for the 2025 Employee Stock Ownership Plan (draft) with a vote of 2 in favor, 0 abstentions, and 0 against, with related supervisor Zhu Wei abstaining from the vote [1] - The proposal for the 2025 Employee Stock Ownership Plan Management Measures was also approved with the same voting results and requires submission to the shareholders' meeting for review [1]

Group 1 - The first meeting of the 2025 Employee Stock Ownership Plan (ESOP) was held on June 26, 2025, with 5,427 out of 5,596 eligible participants attending, representing 1,034,942,000 shares, which is 90.98% of the total ESOP shares [2] - The meeting approved the establishment of the 2025 ESOP Management Committee to oversee the plan's implementation and protect the rights of the participants, consisting of 7 members with a term aligned with the ESOP's duration [3] - The voting results for the establishment of the committee showed 99.72% approval, with 1,006,412,000 shares in favor, 200,000 against, and 2,650,000 abstentions [3][4] Group 2 - The meeting elected seven members to the 2025 ESOP Management Committee, ensuring no conflicts of interest with major shareholders or company executives [4] - The voting results for the election of committee members were identical to the previous vote, with 99.72% approval [4] Group 3 - The meeting authorized the 2025 ESOP Management Committee to handle various responsibilities, including convening meetings, managing the ESOP, exercising shareholder rights, and overseeing asset management [6] - The authorization is effective from the date of the meeting until the expiration of the ESOP [7]

Meeting Overview - The company will hold its first extraordinary general meeting of shareholders for 2025 on July 4, 2025, at 14:30 [1] - The meeting will be conducted through a combination of on-site voting and online voting [2] - The meeting is compliant with relevant laws, regulations, and the company's articles of association [1][2] Voting Details - The meeting will allow shareholders to vote either in person or online, with the online voting period from 9:15 to 15:00 on the same day [2] - Shareholders must choose one voting method, and duplicate votes will be counted based on the first valid vote [2] - The record date for shareholders to attend the meeting is June 27, 2025 [2] Agenda Items - The meeting will discuss significant matters affecting the interests of minority investors, including the 2025 Employee Stock Ownership Plan (ESOP) and its management measures [3] - Related shareholders must abstain from voting on proposals related to the employee stock ownership plan [3] Registration and Participation - Shareholders must present identification and relevant documents to register for the meeting, with remote shareholders allowed to register via mail, fax, or letter [4] - Detailed procedures for participating in online voting are provided, ensuring shareholders can easily access the voting platform [7] Additional Information - The meeting will take place at the company's conference room located at 218 Nanjing North Road, Luya Economic Development Zone, Chuzhou City, Anhui Province [2][4] - Contact information for the company is provided for any inquiries related to the meeting [4]

Meeting Details - The company will hold its first extraordinary general meeting of shareholders in 2025 on June 26, 2025, at 15:00 [1] - Shareholders can participate in the meeting either in person or through authorized representatives [2][3] - The meeting will include a network voting option available from 9:15 to 9:25, 9:30 to 11:30, and 13:00 to 15:00 on the same day [1][2] Voting Proposals - The meeting will review two main proposals: 1. The draft of the 2025 Employee Stock Ownership Plan and its summary 2. Authorization for the board of directors to handle matters related to the 2025 Employee Stock Ownership Plan [2][3] - Voting will be conducted separately for minority investors, defined as those who are not directors, senior management, or shareholders holding more than 5% of the company's shares [2] Registration Process - Individual shareholders must present their ID, stock account card, and proof of shareholding for registration [3][4] - Corporate shareholders must provide a copy of the business license, ID of the legal representative, and corporate stock account card [4] - Remote registration is allowed via mail or fax, but must be received by the company before the deadline [4][10] Network Voting Procedure - The company will provide a platform for network voting through the Shenzhen Stock Exchange trading system and an internet voting system [1][7] - Specific procedures for network voting will be outlined in the provided attachments [5][7]

Group 1 - The company held its sixth meeting of the sixth session of the Supervisory Board on May 16, 2025, with all three supervisors present, complying with relevant laws and regulations [1] - The Supervisory Board approved the proposal for the 2025 Employee Stock Ownership Plan (ESOP), with all participating supervisors abstaining from voting [2][3] - The company believes that the 2025 ESOP aligns with legal requirements and does not harm the interests of the company or its shareholders, as it has consulted employees through a representative assembly [2][3] Group 2 - The implementation of the 2025 ESOP aims to establish a profit-sharing mechanism between employees and owners, enhancing corporate governance and employee motivation [3][4] - The management measures for the 2025 ESOP are in accordance with relevant laws and regulations, ensuring the plan's smooth execution and compliance [4]