Jiangsu Eastern Shenghong Co.Ltd(000301) board of directors
Notes on the compliance of the company’s phase II employee stock ownership plan (Draft)
Jiangsu Eastern Shenghong Co.Ltd(000301) (hereinafter referred to as “the company”) in accordance with the company law of the people’s Republic of China, the securities law of the people’s Republic of China, the stock listing rules of Shenzhen Stock Exchange and the guiding opinions on the pilot implementation of employee stock ownership plan by listed companies (hereinafter referred to as “the guiding opinions”) The guidelines for self-discipline supervision of listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board (hereinafter referred to as “standardized operation”) and other laws, regulations, normative documents, Jiangsu Eastern Shenghong Co.Ltd(000301) articles of association and other relevant provisions formulate the Jiangsu Eastern Shenghong Co.Ltd(000301) phase II employee stock ownership plan (Draft) (hereinafter referred to as “this Employee Stock Ownership Plan”), Whether the ESOP complies with the guiding opinions, standardized operation and other relevant provisions is explained as follows:
1. The company does not prohibit the implementation of the employee stock ownership plan in the guiding opinions, standardized operation and other laws, regulations and normative documents;
2. The content of this ESOP complies with the provisions of relevant laws, regulations and normative documents such as the guiding opinions, standardized operation, and the procedures are legal and effective;
3. The proposed holders of the employee stock ownership plan meet the holder conditions specified in the guiding opinions, standardized operation and other laws, regulations and normative documents, meet the holder scope specified in the employee stock ownership plan, and their main qualification as the holder of the company’s employee stock ownership plan is legal and effective;
4. The company’s decision-making procedures for reviewing the proposals related to the employee stock ownership plan are legal and effective, and there is no situation that damages the interests of the company and all shareholders, or forces employees to participate in the employee stock ownership plan by means of apportionment, forced distribution, etc;
5. The employee stock ownership plan is conducive to the long-term sustainable development of the company and does not damage the interests of the company and all shareholders;
6. The Management Committee of the employee stock ownership plan is elected by the employees participating in the employee stock ownership plan through the holder meeting to supervise the daily management of the employee stock ownership plan and exercise shareholder rights on behalf of the holder, which is in line with the provisions of the guiding opinions.
In conclusion, the board of Directors believes that the implementation of the ESOP by the company complies with the relevant provisions of the guiding opinions, standardized operation and so on.
It is hereby explained.
Jiangsu Eastern Shenghong Co.Ltd(000301)
Board of directors
March 12, 2022
