Satellite Chemical Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
The Company held the 16th meeting of the 5th Board of Directors and the 2026 first extraordinary general meeting on May 12, 2026, and May 29, 2026, respectively, to review and approve the proposals regarding the "2026 Employee Stock Ownership Plan (Draft)" and its summary, as well as the "Management Measures for the 2026 Employee Stock Ownership Plan." Specific details can be found in the relevant announcements published on May 14, 2026, and May 30, 2026, in the Securities Times, Shanghai Securities Journal, and on the Giant Tide Information Network (www.cninfo.com.cn).
According to the China Securities Regulatory Commission's "Guiding Opinions on Pilot Employee Stock Ownership Plans for Listed Companies" and the "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations for Main Board Listed Companies," the progress of the implementation of the 2026 Employee Stock Ownership Plan (hereinafter referred to as "this Plan") is announced as follows:
1. Source and Quantity of Shares for this Plan
The shares for this Plan are sourced from the company's repurchased shares held in a special securities account. The Company held the 9th meeting of the 5th Board of Directors on April 10, 2025, to review and approve the proposal regarding the share repurchase plan. As of August 31, 2025, the Company repurchased a total of 12,078,379 shares through the special securities account via centralized bidding, with the highest transaction price at RMB 18.90 per share and the lowest at RMB 17.10 per share, totaling RMB 217,858,724.80 (including transaction fees). The shares transferred to this Plan from the repurchase account total 6,039,189 shares, accounting for 0.18% of the Company's current total equity.