Altec Automotive Technology Co., Ltd. (hereinafter referred to as the "Company") has formulated the "Third Employee Stock Ownership Plan (Draft)" (hereinafter referred to as the "Employee Stock Ownership Plan (Draft)") in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Guidelines for Pilot Implementation of Employee Stock Ownership Plans by Listed Companies, the Self-Regulatory Guidelines No. 2 for the Standardized Operation of GEM Listed Companies, and other relevant laws, regulations, and normative documents, as well as the Articles of Association of Altec Automotive Technology Co., Ltd. (hereinafter referred to as the "Articles of Association"). The board of directors hereby explains the compliance of the third employee stock ownership plan (hereinafter referred to as the "Current Employee Stock Ownership Plan") with the Guidelines and other relevant regulations as follows:
300825SZSE
Compliance Statement of the Third Employee Stock Ownership Plan (Draft) by the Board of Directors
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The board of directors of Altec Automotive Technology Co., Ltd. has outlined the compliance of its third employee stock ownership plan with relevant regulations. The plan is designed to enhance the alignment of interests among shareholders, the company, and employees. It ensures voluntary participation and does not involve forced distribution or financial assistance to participants. The plan aims to improve employee motivation and the company's governance for sustainable development.
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