Bohui Paper launches employee stock ownership plans to boost motivation

Shandong Bohui Paper Industrial is launching two new employee stock ownership plans: the "Navigator Employee Stock Ownership Plan (Draft)" and the "Striver Employee Stock Ownership Plan (Draft)". These plans, advised by King & Wood Mallesons, aim to establish a shared interest mechanism between employees and shareholders, enhance employee motivation, and bolster the company's competitiveness. The total stock held by the plans will not exceed 10% of the company's total share capital. The plans adhere to regulatory guidelines for employee stock ownership, including voluntary participation and self-funded risk-bearing principles.

The company's latest half-year report for 2025 shows total assets of CNY 24,666,609,710.82 and net profit attributable to shareholders of CNY 90,021,407.47. The report highlights strategic initiatives like "digital transformation" and "green manufacturing" as key drivers for sustainable development, noting improvements in operational efficiency and cost reduction strategies, with production up by 12.39% and sales up by 8.77%.

The financing for these plans will come from employee self-raised funds, major shareholder loans, and company share repurchases. The Navigator plan targets directors, senior management, and core management, while the Striver plan includes supervisors, senior management, core technical/business personnel, and other employees. These initiatives are designed to improve corporate governance and foster healthy long-term growth.