Sto Express Co.Ltd(002468) board of supervisors
Review opinions on matters related to the company’s phase I employee stock ownership plan
Sto Express Co.Ltd(002468) (hereinafter referred to as “the company”) held the 10th meeting of the 5th board of supervisors on February 14, 2022. In accordance with the guiding opinions on the pilot implementation of employee stock ownership plan by listed companies (hereinafter referred to as the “guiding opinions”), the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board (hereinafter referred to as the “standardized operation”) and other relevant laws, regulations and normative documents, After careful review of relevant meeting materials and full and comprehensive discussion and analysis of all supervisors, the board of supervisors hereby gives audit opinions on matters related to the company’s phase I employee stock ownership plan as follows:
1. The company does not prohibit the implementation of the ESOP as stipulated in the guiding opinions, standardized operation and other laws, regulations and normative documents.
2. The procedure for the company to formulate the Sto Express Co.Ltd(002468) phase I employee stock ownership plan (Draft) (hereinafter referred to as the “Employee Stock Ownership Plan”) is legal and effective. The content of the company’s employee stock ownership plan complies with the provisions of laws, regulations and normative documents such as guiding opinions and standardized operation.
3. The company’s decision-making procedures for reviewing the proposals related to the employee stock ownership plan are legal and effective. There is no situation that damages the interests of the company and all shareholders, forces employees to participate in the employee stock ownership plan by means of apportionment and forced distribution, and provides loans to the holders of the employee stock ownership plan Loan guarantee or any other plan or arrangement of financial assistance.
4. The proposed holders of the company’s employee stock ownership plan meet the holder conditions specified in the guiding opinions and other laws, regulations and normative documents, meet the holder range specified in the employee stock ownership plan, and their main qualification as the holders of the company’s employee stock ownership plan is legal and effective.
5. The implementation of the employee stock ownership plan by the company is conducive to establishing and improving the benefit sharing mechanism between workers and owners, further improving the level of corporate governance, improving the cohesion of employees and the competitiveness of the company, fully mobilizing the enthusiasm and creativity of employees, attracting and retaining excellent management talents and business backbone, and realizing the sustainable development of the company.
6. The affiliated directors of the employee stock ownership plan have avoided voting according to relevant regulations, and the decision-making procedure of the company for considering the relevant proposals of the employee stock ownership plan is legal and effective.
In conclusion, we believe that the company’s implementation of this ESOP will not harm the interests of the company and all its shareholders and meet the needs of the company’s long-term development.
Sto Express Co.Ltd(002468) board of supervisors February 14, 2022
