Chang Xin Technology explains the details of employee incentive distribution and execution.

On July 15, Changxin Technology's ChiNext board market online investor communication meeting was held at the Shanghai Securities News China Securities Network and the Shanghai Stock Roadshow Center. An investor asked about the arrangements for Changxin Technology's employee stock ownership plan. Yuan Yuan, Vice President and Secretary of the Board of Directors of Changxin Technology, stated that the company has implemented two phases of employee stock ownership plans. The first phase was granted at a price of 1.05 yuan per share of registered capital, with a total of 3,596 grants; the second phase was granted at a price of 0.108 yuan per share of registered capital, with a total of 3,164 grants. By implementing the employee stock ownership plan, the company has established a sound incentive and constraint mechanism, fully mobilizing the enthusiasm of the company's research and development and core management personnel, beneficial for balancing the interests of employees and the company in the long term, and having a positive impact on the company's future financial condition and operational results.