Stock Abbreviation: Sanquan Food
Stock Code: 002216
Sanquan Food Co., Ltd.
2026 Employee Stock Ownership Plan
(Draft) Summary
August 2026
Statement
The Board of Directors and all directors of Sanquan Food Co., Ltd. (hereinafter referred to as "Sanquan Food", "the Company" or "this Company") guarantee that this Employee Stock Ownership Plan does not contain any false records, misleading statements or major omissions, and assume individual and joint legal liability for its authenticity, accuracy and completeness.
Risk Warning
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The Company's 2026 Employee Stock Ownership Plan (hereinafter referred to as "this Employee Stock Ownership Plan") must be implemented after approval by the Company's General Meeting of Shareholders. There is uncertainty as to whether this plan can be approved by the General Meeting of Shareholders.
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After its establishment, this Employee Stock Ownership Plan will be managed by the Company itself, but there is uncertainty as to whether it can reach the planned scale and goals.
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The specific sources of funds, contribution amounts, expected scale, and specific implementation plans for this Employee Stock Ownership Plan are preliminary results, and there is uncertainty as to whether they can be fully implemented.
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If the employees' contribution amount is low, there is a risk that this Employee Stock Ownership Plan cannot be established; if the employees' contribution amount is insufficient, there is a risk that this Employee Stock Ownership Plan will be lower than the expected scale.
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Stock prices are affected by various complex factors such as the Company's operating performance, macroeconomic cycles, international/domestic political and economic situations, and investor sentiment. Therefore, stock trading is an investment activity with certain risks, and investors should be fully prepared for this.
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The performance assessment targets in this draft do not constitute the Company's performance forecasts or substantive commitments to investors. The assumptions and examples are only for illustrative purposes based on certain scenarios and do not serve as the Company's performance commitments or guidance. The final operating results shall be subject to the audit results of the accounting firm. Investors are advised to make decisions cautiously and pay attention to investment risks.
Special Tips
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This Employee Stock Ownership Plan is prepared in accordance with the "Company Law of the People's Republic of China", "Securities Law of the People's Republic of China", "Guiding Opinions on the Implementation of Employee Stock Ownership Plans by Listed Companies", "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 1 - Standardized Operation of Main Board Listed Companies" and other relevant laws, regulations, normative documents, and the "Articles of Association of Sanquan Food Co., Ltd.".
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This Employee Stock Ownership Plan follows the principles of legality, compliance, voluntary participation, and risk-bearing, and there is no situation where employees are forced to participate through apportionment or forced distribution.
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The scope of participants in this plan includes the Company's (including subsidiaries) directors (excluding independent directors), senior management, middle management, core technical staff, and other personnel who meet the conditions stipulated in this plan draft and are approved by the Board of Directors (hereinafter referred to as "Holders"), with a total number not exceeding 260 (excluding reserved personnel). Shareholders holding more than 5% of the Company's shares, the actual controller and their parents, spouses, and children do not participate in this Employee Stock Ownership Plan. The total shares subscribed by directors and senior management do not exceed 30% of the total shares of this Employee Stock Ownership Plan. After the subsequent reserved portion is granted, the total shares subscribed by directors and senior management will not exceed 30% of the total shares of this Employee Stock Ownership Plan.
After the implementation of this Employee Stock Ownership Plan, the total number of shares held by all effective employee stock ownership plans of Sanquan Food shall not exceed 10% of the Company's total share capital; the total number of shares corresponding to the share rights obtained by a single employee shall not exceed 1% of the Company's total share capital.