J.S.Corrugating Machinery Co.Ltd(000821)
J.S. Corrugating Machinery Co., Ltd. Stock Code : J.S.Corrugating Machinery Co.Ltd(000821)
J.S.Corrugating Machinery Co.Ltd(000821)
About the company's third employee stock ownership plan (Draft)
Compliance description
J.S.Corrugating Machinery Co.Ltd(000821) (hereinafter referred to as "the company") the third phase of employee stock ownership plan (Draft) (hereinafter referred to as "the employee stock ownership plan") in accordance with the company law of the people's Republic of China, the securities law of the people's Republic of China and the guidance on the pilot implementation of employee stock ownership plan by listed companies (hereinafter referred to as "the guidance") 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 "self regulatory guidelines No. 1") and other laws and regulations, normative documents and relevant provisions of the articles of association were formulated. We hereby make the following explanations on the compliance of this ESOP with the guiding opinions and other relevant provisions:
1. The company is not prohibited from implementing the employee stock ownership plan as stipulated in the guiding opinions, self regulatory guidelines No. 1 and other laws, regulations and normative documents, and the company has the subject qualification to implement the employee stock ownership plan;
2. The content of this ESOP complies with the provisions of relevant laws, regulations and normative documents such as the guiding opinions, self regulatory guidelines No. 1;
3. The company's decision-making procedure for reviewing the proposals related to the employee stock ownership plan is 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 Plans or arrangements for loan guarantees or any other financial assistance;
4. The implementation of the employee stock ownership plan by the company will help to further improve the employee incentive system, establish a long-term incentive mechanism, fully mobilize the enthusiasm and creativity of employees, and integrate their interests more closely with the long-term development of the company, which is conducive to the sustainable development of the company and will not damage the interests of the company and all shareholders;
5. The company has fulfilled the necessary approval procedures in accordance with the provisions of the guiding opinions, the decision-making procedures and voting results comply with the relevant provisions, and the related directors who have conflicts of interest or potential conflicts of interest with the company's employee stock ownership plan have avoided voting;
6. The board of supervisors of the company verified the list of the employee stock ownership plan and believed that the employees of the company held the right to help China Zhizao become a world brand
J.S.Corrugating Machinery Co.Ltd(000821)
J.S. Corrugating Machinery Co., Ltd. Stock Code : J.S.Corrugating Machinery Co.Ltd(000821)
The proposed holders of the ESOP meet the holder conditions specified in the guiding opinions and other laws, regulations and normative documents, meet the holder scope specified in the ESOP, and their subject qualification as the holder of the ESOP is legal and effective;
In conclusion, the board of directors of the company believes that the ESOP of the company complies with the relevant provisions of the guiding opinions and is feasible. It agrees that the company will implement the ESOP and submit it to the first extraordinary general meeting of shareholders of the company in 2022 for deliberation.
It is hereby explained.
J.S.Corrugating Machinery Co.Ltd(000821)
Board of directors
March 4, 2002
Help China's intelligent manufacturing to become a world brand
