Announcement on the Continued Extension of the 2015 Employee Stock Ownership Plan
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Dalian Tianbao Green Food Co., Ltd. (hereinafter referred to as "the Company") held the second meeting of the seventh board of directors on June 15, 2020, where it reviewed and approved the proposal regarding the continued extension of the 2015 Employee Stock Ownership Plan (hereinafter referred to as "the Plan"). The relevant details of the 2015 Employee Stock Ownership Plan are announced as follows:
1. Basic Information of the 2015 Employee Stock Ownership Plan
To establish a long-term incentive and constraint mechanism, fully mobilize the enthusiasm and creativity of the company's employees, and closely align their interests with the long-term development of the company for sustainable growth, the company convened the fifteenth meeting of the fifth board of directors on July 24, 2015, to review and approve the proposal on the 2015 Employee Stock Ownership Plan (draft) and its summary. The plan was approved to be implemented, allowing for the acquisition and holding of company stock through secondary market purchases. The participants include the company's directors, supervisors, senior management, and core business personnel, totaling no more than 100 individuals, with a funding cap of 25 million yuan. The funding sources are from employees' self-raised funds and interest-free loans provided by the company's controlling shareholders and actual controllers, with a ratio of 9:1 between the loan portion and self-raised funds. The plan is managed by the company itself after its establishment. The proposal was approved at the second extraordinary general meeting of shareholders held on August 10, 2015.