Seagull Group plans to launch an employee shareholding plan in 2025.

Seagull Co., Ltd. announced the 2025 Employee Stock Ownership Plan, with a total funding amount not exceeding 45.1898 million yuan. The funds will be sourced from employees' self-raised funds, company's own funds, employees' legal compensation, and other ways permitted by laws and regulations. The stocks for the ownership plan will come from the company's repurchased common shares in the special account, totaling no more than 8.157 million shares, approximately 2.64% of the company's existing total share capital. The purchase price for the repurchased shares under the ownership plan is 5.54 yuan per share. The duration of the ownership plan is 48 months, starting from the day when the draft of the employee stock ownership plan is approved by the shareholders' meeting and the last batch of shares is transferred to the ownership plan.