Hundsun Technologies establishes management committee for 2025 employee stock ownership plan

Hundsun Technologies Inc. held the first holder meeting for its 2025 employee stock ownership plan on November 18, 2025. Fifty attendees, representing 13,293,000 units of the plan, participated. The meeting unanimously approved the establishment of a five-member management committee, including a director, to oversee the plan and protect holders' interests for its duration. All resolutions passed with 100% approval.

The meeting also confirmed the election of Jiang Jiansheng, Lin Feng, Yao Man'er, Li Yan, and Xiao Min as members of the 2025 employee stock ownership plan management committee. Their tenure will align with the plan’s existence, and they are tasked with holding the committee's inaugural meeting to elect the director.

Furthermore, holders authorized the management committee and its designees to handle various aspects of the plan. These include convening meetings, managing the plan, facilitating unit subscriptions, exercising shareholder rights, executing relevant agreements, distributing equity, and addressing issues like forced unit transfers, inheritance registration, and participant qualification changes.