Yuan Longping High-Tech Agriculture Co.Ltd(000998) board of directors
Compliance statement on the first phase of employee stock ownership plan (Draft) of long-term service plan
According to relevant regulations, the board of directors of Yuan Longping High-Tech Agriculture Co.Ltd(000998) (hereinafter referred to as the "company") explained the compliance of the first phase of the long-term service plan employee stock ownership plan (Draft) (hereinafter referred to as the "Employee Stock Ownership Plan") as follows:
1、 The company is not prohibited from implementing the employee stock ownership plan as stipulated in the guiding opinions on the pilot implementation of the employee stock ownership plan by listed companies, and the company has the subject qualification to implement the employee stock ownership plan.
2、 In order to implement the long-term service plan, the company launched the employee stock ownership plan in combination with the actual situation. Before the announcement, the employee stock ownership plan has fully solicited opinions by holding an employee congress. The formulation of the employee stock ownership plan follows the principle of "compliance according to law, voluntary participation and risk bearing", Comply with the guidance on the pilot implementation of employee stock ownership plan by listed companies and other relevant provisions.
3、 When the board of directors considered the relevant proposals of the employee stock ownership plan, the related directors have avoided voting according to relevant regulations, and the deliberation and decision-making procedures are legal and effective. The employee stock ownership plan needs to be submitted to the general meeting of shareholders for deliberation. 4、 The board of supervisors verified that the personnel to participate in the employee stock ownership plan meet the conditions specified in the guiding opinions on the pilot implementation of the employee stock ownership plan by listed companies, meet the scope of participants specified in the employee stock ownership plan, and the subject qualification is legal and effective.
5、 The implementation of the employee stock ownership plan by the company is conducive to establishing and improving the incentive and restraint mechanism, fully mobilizing the enthusiasm and creativity of the company's management team and business backbone, and promoting the sustainable and healthy development of the company. There is no situation that damages the interests of the company and all shareholders, nor does it force employees to participate in the employee stock ownership plan by means of apportionment and forced distribution.
In conclusion, the board of Directors believes that the employee stock ownership plan (Draft) of phase I of the long-term service plan formulated by the company is legal, compliant and feasible.
Yuan Longping High-Tech Agriculture Co.Ltd(000998) board of directors February 15, 2002
