Securities Code: 300274 Securities Abbreviation: Sunshine Power
Sunshine Power Co., Ltd. 2026 Employee Stock Ownership Plan (Draft) Summary
March 2026
Statement
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or major omissions, and they shall bear legal responsibility for the truthfulness, accuracy, and completeness of its content.
Risk Warning
The terms and abbreviations in this section are consistent with the "Definitions" section.
I. This employee stock ownership plan must be approved by the Company's shareholders' meeting before it can be implemented. Whether this employee stock ownership plan can be approved by the Company's shareholders' meeting is uncertain.
II. The specific implementation plan for this employee stock ownership plan is preliminary. Whether the planned scale can be achieved and whether the implementation can be completed are uncertain.
III. Stock prices are affected by complex factors such as macroeconomic cycles, international/domestic political and economic situations, regulatory policy changes, company operating performance, and investor sentiment. Therefore, stock trading is an investment activity with certain risks, and investors should be fully prepared for this.
IV. The Company will disclose relevant progress in accordance with regulations. Investors are advised to make prudent decisions and pay attention to investment risks.
Special Notice
I. The "Sunshine Power Co., Ltd. 2026 Employee Stock Ownership Plan (Draft)" is formulated by Sunshine Power Co., Ltd. (hereinafter referred to as "Sunshine Power" or "the Company") in accordance with the current "Company Law of the People's Republic of China," "Securities Law of the People's Republic of China," "Guiding Opinions of the China Securities Regulatory Commission on Pilot Programs for Employee Stock Ownership Plans of Listed Companies," "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Standardized Operation of GEM Listed Companies," and other relevant laws, administrative regulations, rules, normative documents, and the Articles of Association of Sunshine Power Co., Ltd.
II. Based on the positive outlook for the Company's future development, this employee stock ownership plan adheres to the principles of legality, compliance, voluntary participation, and self-assumption of risk. There is no situation where employees are forced to participate in the Company's employee stock ownership plan through allocation or mandatory distribution.
III. The participants in this employee stock ownership plan are directors (excluding independent directors), senior management personnel, and core backbone employees who have an important role and influence on the Company's overall performance and long-term development (including its holding subsidiaries, hereinafter referred to as "the Company"). The total number of participants shall not exceed 147, and the specific number will be determined based on the actual situation.
IV. The source of funds for this employee stock ownership plan is the special incentive fund of 2025 withdrawn by the Company. The total fund for this plan shall not exceed RMB 100,000 million yuan, and it will be used to purchase and hold the Company's shares through the employee stock ownership plan. The Company will not provide financial assistance or loan guarantees to the participants in any way, nor will any third party provide rewards, subsidies, or guarantees to the participants.