Beingmate approves ESOP, board changes, and shareholder resolutions

Beingmate Co., Ltd. announced its sixth employee stock ownership plan (ESOP), effective September 2025, aiming to raise up to 50 million yuan. The ESOP will acquire up to 13.9 million shares from the company's repurchased stock at 3.50 yuan per share, representing approximately 1.29% of total share capital. Performance targets for 2025 include a net profit growth of no less than 45% or an operating revenue growth of no less than 25% compared to 2024. The ESOP has a 12-month vesting period after the final share transfer.

The company held its second extraordinary general meeting on September 15, 2025, where shareholders approved several proposals, including revisions to company articles and rules, director and officer (D&O) insurance, the appointment of an accounting firm, and the ESOP and its management guidelines.

Beingmate also announced board and senior management changes. Xie Hong was re-elected as a representative director and legal representative. Yu Chunping, Hu Junhui, and Li Xiaojing were elected to the Ninth Board of Directors' Audit Committee, with Yu Chunping as convener. Jin Zhiqiang resigned as board secretary but remains a director, deputy general manager, and CFO. Fang Luyao was appointed as the new board secretary, effective September 15, 2025. Bao Chen was elected as an employee representative director.