Securities code: J.S.Corrugating Machinery Co.Ltd(000821) securities abbreviation: J.S.Corrugating Machinery Co.Ltd(000821)
J.S.Corrugating Machinery Co.Ltd(000821) board of supervisors
Review opinions on matters related to the company’s third phase employee stock ownership plan J.S.Corrugating Machinery Co.Ltd(000821) (hereinafter referred to as “the company” or ” J.S.Corrugating Machinery Co.Ltd(000821) “) held the 13th meeting of the 10th board of supervisors on March 3, 2022. According to the guiding opinions on the pilot implementation of employee stock ownership plan by listed companies, No. 1 self regulatory guidelines for listed companies of Shenzhen Stock Exchange – standardized operation of listed companies on the main board and other relevant laws, regulations and normative documents, after careful review of relevant meeting materials and full and comprehensive discussion and analysis by all supervisors, We hereby express our review opinions on matters related to the third phase of the company’s employee stock ownership plan (hereinafter referred to as “this Employee Stock Ownership Plan”):
1. The company does not have any circumstances that prohibit the implementation of employee stock ownership plan as stipulated in laws, regulations and normative documents such as the guiding opinions on the pilot implementation of employee stock ownership plan by listed companies, the self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board;
2. The J.S.Corrugating Machinery Co.Ltd(000821) third phase employee stock ownership plan (Draft) and its abstract comply with the requirements of laws, regulations, departmental rules and normative documents such as the guidance on the pilot implementation of employee stock ownership plan by listed companies, and there is no damage to the rights and interests of the company and all shareholders;
3. The board of supervisors has verified the list of employees to participate in the employee stock ownership plan. The proposed participants of the employee stock ownership plan comply with the relevant provisions of laws and regulations, departmental rules and normative documents, the scope of holders specified in the employee stock ownership plan, and the subject qualification is legal and effective;
4. The employee stock ownership plan of the company is participated by employees on the principle of legal compliance, voluntary participation and risk-taking. There is no case of forcing employees to participate in the employee stock ownership plan by means of apportionment, forced distribution, etc; 5. The procedures and decisions of the company’s proposals related to the employee stock ownership plan are legal and effective, and the related directors Mr. Zu Guoliang, Mr. Luo Xianxu and Mr. Zhou Jiamin have avoided voting;
6. The company’s employee stock ownership plan is conducive to better establish and improve the benefit sharing mechanism between workers and owners, improve employee cohesion and company competitiveness, and ensure the realization of the company’s future development strategy and business objectives.
In conclusion, we agree that the company will implement the employee stock ownership plan and submit the relevant proposals of the employee stock ownership plan to the first extraordinary general meeting of shareholders in 2022 for deliberation.
J.S.Corrugating Machinery Co.Ltd(000821) board of supervisors
March 3, 2002
