Chapter 1 General Principles
Article 1
In order to standardize the management of the 2026 Employee Stock Ownership Plan (hereinafter referred to as "the Plan") of Yangguang Electric Co., Ltd. (hereinafter referred to as "the Company"), these management measures are formulated based on the implementation of the Plan, in accordance with the "Company Law" of the People's Republic of China, the "Securities Law," and other relevant regulations.
Article 2 Objectives of the Employee Stock Ownership Plan
The objectives of the Employee Stock Ownership Plan are based on the "Company Law," "Securities Law," and relevant regulations, to ensure fairness and transparency in the management of the Plan. The Plan aims to enhance employee motivation and align their interests with the long-term development of the Company.
Article 3 Basic Principles of the Employee Stock Ownership Plan
- Compliance with laws and regulations.
- Adherence to the principles of fairness and transparency.
- Risk management principles.
Article 4 Confirmation of Participants in the Employee Stock Ownership Plan
- The Company shall confirm the participants in the Plan based on relevant regulations and the Company's articles of association.
- The number of participants shall not exceed 147.