Zhongshun Jierou: Intends to launch the fourth phase of employee stock ownership plan with a total fund-raising amount not exceeding 77.74 million yuan.

Zhongshun Jierou announced the fourth phase of the employee stock ownership plan. After approval by the company's shareholders' meeting, the employee stock ownership plan will purchase up to 23 million shares of the company's repurchased stock through non-trading transfer and other legally permitted methods, accounting for 1.78% of the total share capital of the company as of the date of the announcement of the employee stock ownership plan. Specific execution will depend on the actual situation.