Alpha Group announces board changes, new management, and ESOP

Alpha Group (SZSE:002292) announced the completion of its board re-election and the appointment of new senior management, establishing a seven-member seventh board of directors. The board includes four non-independent directors (Cai Dongqing, Cai Xiaodong, Cai Jiaxian, and Su Jiangfeng) and three independent directors (Zheng Guojian, Chen Huangman, and Wang Xiao). Concurrently, the company appointed Cai Xiaodong as general manager, Su Jiangfeng, Xiao Kaili, and Sun Liang as deputy general managers, and Gao Dan as board secretary.

In a related move, Alpha Group launched its 2025 employee stock ownership plan, following approval at the first extraordinary general meeting of shareholders on September 16, 2025. The plan targets up to 37 employees, including five directors, supervisors, and senior managers, offering up to 7.42 million shares at CNY 4.84 per share. These shares, sourced from the company's repurchased stock, represent approximately 0.50% of the total share capital.

The plan introduces a 60-month vesting period, with 50% of the shares unlocking after 12 months and the remaining 50% after 24 months, contingent on performance targets for operating income and net profit attributable to shareholders. This strategic initiative aims to align employee interests with long-term company growth and shareholder value.