Stock Code: 301219 Stock Abbreviation: Tengyuan Cobalt
Ganzhou Tengyuan Cobalt New Material Co., Ltd.
2026 Employee Stock Ownership Plan
(Draft) Summary
August 2026
Statement
The Company and all members of the Board of Directors guarantee that this Employee Stock Ownership Plan does not contain any false records, misleading statements, or major omissions, and assume individual and joint legal liability for its authenticity, accuracy, and completeness.
Risk Warning
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The 2026 Employee Stock Ownership Plan (hereinafter referred to as the "Plan") of Ganzhou Tengyuan Cobalt New Material Co., Ltd. (hereinafter referred to as the "Company" or "Tengyuan Cobalt") must be approved by the Company's shareholders' meeting before it can be implemented. There is uncertainty as to whether this Plan will be approved by the shareholders' meeting.
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There is uncertainty as to whether this Plan will reach its planned scale and objectives. After the establishment of this Plan, it will be managed by the Company itself.
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The specific implementation plan for this Plan is a preliminary result, and there is uncertainty as to whether this Plan can be successfully implemented.
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The Company's stock price is influenced by various complex factors, including the Company's operating performance, industry development status, macroeconomic cycles, and investor sentiment. Therefore, stock trading is an investment activity with certain risks, and investors should be fully prepared for this.
The Company will disclose relevant progress in accordance with regulations. Investors are advised to make decisions cautiously and pay attention to investment risks.
Special Tips
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The Tengyuan Cobalt 2026 Employee Stock Ownership Plan is formulated in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Guiding Opinions on the Implementation of Employee Stock Ownership Plans by Listed Companies, the Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 2 — Standardized Operation of Companies Listed on the ChiNext Market, and other relevant laws, administrative regulations, departmental rules, normative documents, and the Articles of Association of Ganzhou Tengyuan Cobalt New Material Co., Ltd. (hereinafter referred to as the "Articles of Association").
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This Plan follows the principles of legality, compliance, independent decision-making, and voluntary participation. There is no forced allocation or mandatory participation.
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The participants at the initial establishment of this Plan include the Company's directors, senior management, and other core personnel. It is expected that there will be no more than 100 participants initially. Excellent employees will be selected for incentives through job value assessment and talent inventory tools, with the specific number of participants determined based on actual payment.
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The source of shares for this Plan is the Company's A-share common stock repurchased through the Company's dedicated repurchase account. This Plan will acquire and hold the Company's shares held in the dedicated repurchase account through non-transactional transfers or other methods permitted by laws and regulations, totaling no more than 1.003298 million shares, accounting for approximately 0.26% of the Company's current total share capital of 382.8313 million shares.
After the implementation of this Plan, the total number of shares held by all effective employee stock ownership plans of the Company shall not exceed 10% of the total share capital, and the total number of shares corresponding to the share held by a single holder shall not exceed 1% of the total share capital. The underlying shares do not include shares obtained by holders before the Company's initial public offering, shares purchased independently in the secondary market, or shares obtained through equity incentives.
- The purchase price of the repurchased shares for this Plan is 24.09 yuan per share.