Shenzhen Borrson Technology Co., Ltd. 2026 Employee Stock Ownership Plan Management Measures
Chapter 1 General Provisions
Article 1 To regulate the implementation of Shenzhen Borrson Technology Co., Ltd. (hereinafter referred to as "Borrson Technology" or the "Company") 2026 Employee Stock Ownership Plan (hereinafter referred to as the "Employee Stock Ownership Plan"), 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 Program for Employee Stock Ownership Plans of Listed Companies" (hereinafter referred to as the "Guiding Opinions"), the "Shenzhen Stock Exchange Listed Company Self-Regulatory Supervision Guideline No. 2 - Norms for Operation of GEM Listed Companies" (hereinafter referred to as the "Supervision Guideline No. 2"), and other relevant laws, administrative regulations, normative documents, and the "Articles of Association of Shenzhen Borrson Technology Co., Ltd." (hereinafter referred to as the "Articles of Association"), these "Shenzhen Borrson Technology Co., Ltd. 2026 Employee Stock Ownership Plan Management Measures" (hereinafter referred to as the "Management Measures") are hereby formulated.
Chapter 2 Formulation of the Employee Stock Ownership Plan
Article 2 Purpose of the Employee Stock Ownership Plan
In accordance with the "Company Law," "Securities Law," "Guiding Opinions," "Supervision Guideline No. 2," and other relevant laws, administrative regulations, rules, normative documents, and the "Articles of Association," the Company has formulated the draft Employee Stock Ownership Plan.
The purpose of the Company implementing this Employee Stock Ownership Plan is to establish and improve a mechanism for sharing interests between employees and shareholders, enhance corporate governance, boost employee cohesion and corporate competitiveness, stimulate employees' enthusiasm and creativity, and promote the Company's long-term, sustainable, and healthy development. Employees of the Company shall participate in this Employee Stock Ownership Plan voluntarily, legally, and compliantly.
Article 3 Basic Principles of the Employee Stock Ownership Plan
(1) Principle of Legality and Compliance
The Company shall implement the Employee Stock Ownership Plan by strictly following the procedures stipulated in laws and administrative regulations, and shall implement information disclosure truthfully, accurately, completely, and timely. No one shall engage in insider trading or securities fraud activities such as manipulating the securities market through the Employee Stock Ownership Plan.
(2) Principle of Voluntary Participation
The Company shall implement the Employee Stock Ownership Plan based on its own decision-making, with voluntary participation from employees. The Company shall not compel employees to participate in the Employee Stock Ownership Plan through means such as allocation or mandatory distribution.
(3) Principle of Self-Bearing of Risk
Participants in the Employee Stock Ownership Plan shall bear their own profits and losses and risks, and shall have the same rights as other investors.
Article 4 Holders, Determination Standards, and Holding Status of the Employee Stock Ownership Plan
(1) Holders and Determination Standards of the Employee Stock Ownership Plan
The holders of the Employee Stock Ownership Plan are determined in accordance with the "Company Law," "Securities Law," "Guiding Opinions," and relevant laws, regulations, and normative documents of the China Securities Regulatory Commission and the Shenzhen Stock Exchange, as well as the "Articles of Association," and considering the actual situation.
The holders of the Employee Stock Ownership Plan shall meet one of the following standards:
- Directors and senior management personnel of the Company;
- Core technical management backbones of the Company.
All holders must have signed a labor contract or employment contract with the Company or its subsidiaries during the validity period of the Employee Stock Ownership Plan.
(2) Holding Status of the Employee Stock Ownership Plan