Chapter 1 General Principles
Article 1
To standardize the implementation of the third employee stock ownership plan (hereinafter referred to as the "Employee Stock Ownership Plan" or "this Plan") of Alter Automotive Technology Co., Ltd. (hereinafter referred to as "Alter" or "the Company"), this management measure is formulated in accordance with the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Securities Law of the People's Republic of China (hereinafter referred to as "the Securities Law"), the Guiding Opinions on the Pilot Implementation of Employee Stock Ownership Plans by Listed Companies (hereinafter referred to as "the Guiding Opinions"), and the Self-Regulatory Guidelines No. 2 for the Standardized Operation of Listed Companies on the Shenzhen Stock Exchange (hereinafter referred to as "Self-Regulatory Guidelines No. 2"), as well as other relevant laws, administrative regulations, departmental rules, normative documents, and the Articles of Association of Alter Automotive Technology Co., Ltd. (hereinafter referred to as "the Articles of Association") and the draft of the third employee stock ownership plan (hereinafter referred to as "the Draft Plan" or "this Draft Plan").
Chapter 2 Main Contents of the Employee Stock Ownership Plan
Article 2 Basic Principles of the Employee Stock Ownership Plan
- Principle of Lawfulness and Compliance: The Company shall strictly follow the procedures stipulated by laws and administrative regulations in implementing this Employee Stock Ownership Plan, ensuring truthful, accurate, complete, and timely information disclosure. No one shall use the Employee Stock Ownership Plan for insider trading, market manipulation, or other securities fraud.
- Principle of Voluntary Participation: The implementation of this Employee Stock Ownership Plan shall adhere to the principle of voluntary participation by employees, and the Company shall not force employees to participate through allocation or compulsory distribution.
- Principle of Risk Bearing: Participants in this Employee Stock Ownership Plan shall bear their own profits and losses, and risks shall be borne by them, with equal rights to other investors.