Stock Code: 301228 Stock Abbreviation: Sepu Testing
Sepu Testing Technology (Shanghai) Co., Ltd.
2026 Employee Stock Ownership Plan
(Draft) Summary
June 2026
Statement
The Company and all directors guarantee that this employee stock ownership plan and its summary do not contain any false records, misleading statements, or major omissions, and assume legal responsibility for the authenticity, accuracy, and completeness of their contents.
Special Tips
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This draft of the employee stock ownership plan is prepared 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 Pilot Projects for Employee Stock Ownership Plans of 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, rules, normative documents, and the Articles of Association.
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This employee stock ownership plan follows the principles of legality, compliance, voluntary participation, and risk-bearing, and there is no situation of forced participation by employees.
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The participants of this employee stock ownership plan are directors (excluding independent directors), senior management, and key technical and business personnel who play an important role in and have an impact on the overall performance and long-term development of the Company (including branches and holding subsidiaries, the same below). The total number of employees participating in this employee stock ownership plan at the initial establishment shall not exceed 30, including 3 directors (excluding independent directors) and senior management. The specific number of participants shall be determined based on the actual payment by employees.
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The total funds to be raised for this employee stock ownership plan shall not exceed 74 million yuan, with "share" as the subscription unit, and each share is 1 yuan. The upper limit of the shares of this employee stock ownership plan is 74 million shares. The final total amount of funds raised shall be subject to the actual amount raised. The funds for this employee stock ownership plan are derived from the legal remuneration of the holders, self-raised funds, and other methods permitted by laws and administrative regulations. The Company does not provide any form of financial assistance to employees or provide guarantees for their loans.
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The source of shares for this employee stock ownership plan is A-share common stocks repurchased by the Company's special repurchase account, totaling no more than 1.838955 million shares, accounting for 1.53% of the Company's current total share capital of 120 million shares. After this employee stock ownership plan is reviewed and approved by the Company's general meeting of shareholders, the Company's shares held in the special securities account for share repurchase will be obtained through non-transactional transfer or other methods permitted by laws and regulations.
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After the implementation of this employee stock ownership plan, the total number of shares held by all effective employee stock ownership plans of the Company shall not exceed 10% of the Company's total share capital, and the total number of shares corresponding to the shares of the employee stock ownership plan held by a single employee shall not exceed 1% of the Company's total share capital. The total number of shares held by the employee stock ownership plan does not include shares obtained by employees before the Company's initial public offering, shares purchased by themselves in the secondary market, and shares obtained through equity incentives.
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The price for this employee stock ownership plan to transfer the Company's repurchased shares is 40 yuan/share. The purchase price shall not be lower than the par value of the Company's shares and shall not be lower than the higher of the following prices: