C&S Paper forms management committee for employee stock ownership plan

C&S Paper Co., Ltd. (SZSE:002511) announced resolutions from the first meeting of holders of its Fourth Phase Employee Stock Ownership Plan, held on September 11, 2025, via remote voting. The meeting, chaired by company secretary Mr. Liang Ge Yu, saw 125 holders attend, representing 77.74m units, or 100% of the total granted units for the plan. All resolutions passed unanimously.

A key resolution approved was the establishment of a three-member management committee for the Fourth Phase Employee Stock Ownership Plan. This committee will act as the daily supervisory and management body for the plan, exercising shareholder rights on behalf of the holders. The committee comprises Mr. Jiang Zhicheng, Mr. Gong Zhiyong, and Ms. Wang Dongmei, with Mr. Jiang Zhicheng elected as the committee director. Their tenure extends until the completion of the employee stock ownership plan.

The meeting also authorized the management committee to handle various matters related to the plan. These responsibilities include convening holder meetings, exercising shareholder rights, daily management of the plan, managing cash assets through investments in fixed-income securities and wealth management products, decision-making on equity distribution, unit transfers, unit recovery, and other special and authorized matters.