000100SZSE

Management Measures for the 2025 Employee Stock Ownership Plan (Partner Stock Ownership Plan)

TCL Technology Group Corporation··16 pages

✨ AI Summary

The announcement outlines the management measures for TCL Technology Group's 2025 Employee Stock Ownership Plan, aimed at enhancing corporate governance and overall value. Key figures include a total funding limit of 230 million yuan and a stock purchase cap of 50.24 million shares. The plan emphasizes voluntary participation, risk-sharing, and performance-based stock allocation, with a 20-year duration and specific performance targets linked to company growth.

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Management Measures for the 2025 Employee Stock Ownership Plan (Partner Stock Ownership Plan)

Chapter 1: Formulation of the Employee Stock Ownership Plan

Article 1: Basic Principles of the Employee Stock Ownership Plan

  1. Legal Compliance Principle: The company will implement the stock ownership plan in strict accordance with laws and regulations, ensuring truthful, accurate, complete, and timely information disclosure. No one may use the stock ownership plan for insider trading or market manipulation.
  2. Voluntary Participation Principle: Participation in the stock ownership plan is based on the company's independent decision and employees' voluntary participation; the company cannot force employees to participate.
  3. Benefit Sharing Principle: The number of shares allocated to participants will be strictly linked to the achievement of key performance indicators (KPIs) of the company and its subsidiaries, as well as individual performance, creating a benefit-sharing mechanism among shareholders, the company, and participants.
  4. Risk Bearing Principle: Participants bear their own profits and losses, sharing risks equally with other investors.

Article 2: Participants in the Employee Stock Ownership Plan

The participants in this stock ownership plan are core personnel of the company, including directors, the Chief Financial Officer (CFO), senior vice presidents, and other core senior management personnel. All participants must work for the company or its subsidiaries and receive compensation.

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