Stock Abbreviation: New Grand Long Packing
Stock Code: 002836
Guangdong New Grand Long Packing Co., Ltd.
2026 Employee Stock Ownership Plan
(Draft)
July 2026
Statement
The Company and all members of the Board of Directors guarantee that the contents of this Employee Stock Ownership Plan are true, accurate, and complete, and contain no false records, misleading statements, or major omissions.
Risk Warning
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The 2026 Employee Stock Ownership Plan (hereinafter referred to as the "Plan") of Guangdong New Grand Long Packing Co., Ltd. (hereinafter referred to as "New Grand Long Packing" or the "Company") must be approved by the Company's general meeting of shareholders before it can be implemented. There is uncertainty as to whether this Plan will be approved by the general meeting of shareholders.
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The specific funding sources, investment amounts, and implementation plans for this Plan are preliminary results. There is uncertainty as to whether the implementation can be completed.
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If employee subscription funds are low, there is a risk that this Plan may not be established. If employee subscription funds are insufficient, there is a risk that this Plan will be smaller than the expected scale.
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The Company will disclose relevant progress in accordance with regulations. Investors are advised to make decisions cautiously and pay attention to investment risks.
Special Notice
The terms and abbreviations used in this section are consistent with those in the "Definitions" section.
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The "Guangdong New Grand Long Packing Co., Ltd. 2026 Employee Stock Ownership Plan (Draft)" is formulated by New Grand Long Packing in accordance with the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," the "Guiding Opinions on the Pilot Implementation of Employee Stock Ownership Plans by Listed Companies," the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 1 — Standardized Operation of Main Board Listed Companies," and other relevant laws, administrative regulations, rules, normative documents, and the "Articles of Association."
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This Plan follows the principles of independent decision-making by the Company and voluntary participation by employees, and there is no forced participation or allocation.
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The participants of this Plan are directors, senior management, and core business/technical personnel of the Company (including holding subsidiaries). The total number of participants shall not exceed 56, including 4 directors and senior management. The specific number of participants will be determined based on actual employee payments.
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The funding source for this Plan is the legal remuneration of employees, self-raised funds, and other methods permitted by laws and administrative regulations. The Company does not provide financial assistance such as advances, guarantees, or loans to holders in any way, nor are there any arrangements for third parties to provide rewards, subsidies, or guarantees for employees participating in this Plan.
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The source of shares for this Plan is the A-share common stock of New Grand Long Packing already repurchased in the Company's special securities account for repurchases. After this Plan is approved by the general meeting of shareholders, the Company will acquire and hold the shares held in the special securities account through non-transactional transfers or other methods permitted by laws and regulations, totaling no more than 5.0218 million shares, accounting for approximately 2.17% of the Company's current total share capital of 230.40 million shares. The specific number of shares will be determined by the actual amount paid by employees, and the Company will fulfill its information disclosure obligations in a timely manner.
After the implementation of this Plan, the total number of shares held by all effective employee stock ownership plans of the Company shall not exceed 10% of the Company's total share capital, and the total number of shares corresponding to the share plan held by a single employee shall not exceed 1% of the Company's total share capital. The total number of underlying shares does not include shares obtained by holders before the Company's initial public offering, shares purchased independently in the secondary market, or shares obtained through equity incentives.