The 2025 Employee Stock Ownership Plan aims to enhance corporate governance and align employee interests with company performance. It involves a total funding of up to 230 million RMB, with a maximum stock allocation of 50.24 million shares. The plan will be managed internally and includes a 12-month lock-up period post-stock purchase. Performance metrics are tied to company and individual achievements, with a 20-year duration for the plan.
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The company and all members of the board guarantee that the content of this stock ownership plan is true, accurate, and complete, with no false records, misleading statements, or significant omissions. Special note: The terminology in this section is consistent with the "Definitions" section.
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