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]

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 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]