Gree Electric Appliances Inc.Of Zhuhai(000651)
Review opinions of the board of supervisors on matters related to the company’s phase II employee stock ownership plan
In accordance with the relevant provisions of the company law of the people’s Republic of China, the securities law of the people’s Republic of China, the guiding opinions on the pilot implementation of employee stock ownership plan by listed companies (hereinafter referred to as the “guiding opinions”) of the China Securities Regulatory Commission and the Shenzhen Stock Exchange’s self regulatory guidelines for listed companies of Shenzhen Stock Exchange No. 1 – standardized operation of listed companies on the main board and other laws and regulations, after careful examination, We express our opinions on the matters related to Gree Electric Appliances Inc.Of Zhuhai(000651) phase II employee stock ownership plan (Draft) (hereinafter referred to as “phase II employee stock ownership plan (Draft)”) to be implemented by the company as follows:
1、 The company does not prohibit the implementation of the ESOP as stipulated in the guiding opinions and other laws, regulations and normative documents.
2、 The contents of the company’s second phase employee stock ownership plan (Draft) comply with the provisions of relevant laws, regulations and normative documents such as the company law of the people’s Republic of China, the securities law of the people’s Republic of China, the guiding opinions, and there is no situation that damages the interests of the company and all shareholders.
3、 There are no compulsory employee stock ownership plans and employee stock ownership plans.
4、 The company formulates the current employee stock ownership plan after soliciting the opinions of employees, and will convene the employee representative meeting to review the draft before the second employee stock ownership plan (Draft) is reviewed by the general meeting of shareholders of the company. The formulation and contents of the company’s current employee stock ownership plan comply with the provisions of laws and regulations such as the guiding opinions.
5、 The proposed criteria for determining the subject qualification of holders and participants comply with the provisions of the guiding opinions and other laws, regulations and normative documents.
6、 The company’s implementation of ESOP is conducive to improving and perfecting the company’s incentive mechanism, effectively mobilizing the enthusiasm and creativity of the company’s management and employees, improving the cohesion of all employees and the competitiveness of the company, establishing the benefit sharing mechanism between workers and owners, making the interests of employees more closely combined with the long-term development of the company and realizing the sustainable development of the company.
7、 The affiliated directors and supervisors 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, the board of supervisors agreed to implement the second phase of employee stock ownership plan.
Gree Electric Appliances Inc.Of Zhuhai(000651) board of supervisors may 20, 2002
