The 2025 Employee Stock Ownership Plan aims to enhance corporate governance and align employee interests with company performance. The plan allows for a total funding of up to 230 million RMB, with a maximum of 50.24 million shares to be purchased. The plan will last for 20 years, with a 12-month lock-up period for shares, and is contingent on achieving specific performance metrics.
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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 reminder: the terminology in this section is consistent with the "Definitions" section.
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