Guoxuan High-Tech shareholders approve fifth employee stock ownership plan

Guoxuan High-Tech's first extraordinary general meeting of shareholders in 2025, held on September 23, 2025, approved several key proposals. Among the resolutions, the "Fifth Employee Stock Ownership Plan (Draft)" and its "Management Measures" were successfully passed. This plan, effective from September 2025, aims to enhance employee motivation and strengthen the company’s long-term development.

The employee stock ownership plan will acquire shares from the company's repurchased A-share common stock, totaling no more than 11,202,539 shares, representing 0.62% of the company's total share capital. The purchase price for these shares is set at CNY 21.07 per share. The plan includes a tiered unlocking mechanism with holding periods of 12, 24, 36 months for different participant categories, conditional on achieving specific company performance targets for revenue and net profit during the 2025-2027 fiscal years.

Additionally, shareholders approved a proposal to authorize the board of directors to manage matters related to the Fifth Employee Stock Ownership Plan and increased the estimated daily related party transactions for 2025. All resolutions were passed with significant shareholder support, including a separate vote for small and medium investors.