Gosuncn shareholders approve sixth employee stock ownership plan

Gosuncn Technology Group announced that shareholders at its second extraordinary general meeting for 2025, held on October 13, 2025, approved three key proposals. These included the Sixth Employee Stock Ownership Plan (ESOP) and its management rules, along with authorizing the board to manage related matters. The ESOP aims to enhance employee motivation and long-term retention, particularly for core personnel in the automotive electronics pre-installation communication business.

The plan involves purchasing up to 3,395,300 shares from the company's repurchased stock, representing 0.20% of the total share capital, at a price of CNY 3.02 per share. The ESOP will have a 36-month duration, with shares unlocking in two 50% tranches after 12 and 24 months, subject to company and individual performance targets. The company forecasts an accounting expense of CNY 9,948,229 from 2025 to 2027.

The meeting saw 580 shareholders, representing 19.2070% of the total outstanding shares, participate. The ESOP proposals received strong approval, with over 98% of votes in favor for each resolution, demonstrating solid shareholder support.