Tonghua Dongbao calls EGM for employee stock plan vote

Tonghua Dongbao Pharmaceutical Co., Ltd. will convene its second extraordinary general meeting of shareholders in 2025 on September 18, 2025, at 10:00 AM at the company's meeting room. Shareholders can participate through both on-site attendance and online voting via the Shanghai Stock Exchange's network voting system. The meeting will deliberate on three non-cumulative voting proposals concerning the company's 2025 employee stock ownership plan, including the plan's draft, management measures, and a request to authorize the board to handle related matters.

The proposed 2025 employee stock ownership plan outlines a total fundraising ceiling of CNY 4752.383万元, with each unit valued at CNY 1.00. The plan will acquire up to 1107.782 million A-share ordinary shares from the company’s buyback special securities account, representing approximately 0.566% of the current share capital. The acquisition price is set at CNY 4.29 per share. The plan includes a 48-month duration from the last transfer date, with a 12-month, 24-month, and 36-month unlocking schedule for the first tranche, and two tranches for the reserved portion, subject to company and individual performance assessments.

The board of directors is authorized to manage all aspects of the plan, including revisions, participant determination, and handling stock lock-ups and unlocking. Related parties, including directors, supervisors, and senior management involved in the plan, will abstain from voting on these proposals. The plan does not imply a change in company control or impact the distribution of shares.