Explanation of the Compliance of the Company's 2026 Employee Stock Ownership Plan (Draft) by the Board of Directors
Dezhou United Petroleum Technology Co., Ltd. (hereinafter referred to as "the Company" or "Dezhou Petroleum") has formulated the "2026 Employee Stock Ownership Plan (Draft)" (hereinafter referred to as "this Employee Stock Ownership Plan") in accordance with the provisions of the Company Law, Securities Law, "Guiding Opinions on the Pilot Implementation of Employee Stock Ownership Plans by Listed Companies" (hereinafter referred to as "the Guiding Opinions"), the Shenzhen Stock Exchange GEM Listing Rules, and the Shenzhen Stock Exchange Self-Regulatory Guidelines No. 2 for Listed Companies on the GEM (hereinafter referred to as "Self-Regulatory Guidelines No. 2"). The following explanations are made regarding the compliance of this Employee Stock Ownership Plan with the Guiding Opinions, Self-Regulatory Guidelines No. 2, and other relevant regulations:
- The Company does not have any circumstances that prohibit the implementation of an employee stock ownership plan as stipulated in the Guiding Opinions, Self-Regulatory Guidelines No. 2, and other laws and regulations, and is qualified to implement this Employee Stock Ownership Plan.
- The content of this Employee Stock Ownership Plan complies with the provisions of the Guiding Opinions, Self-Regulatory Guidelines No. 2, and other relevant laws and regulations.
- Before launc