On December 4, Glonghui Technology (002296.SZ) announced the 2023 employee stock ownership plan (draft). The source of the current employee stock ownership plan is the shares that have been repurchased in the company's special repurchase account. The stock size is no more than 106.887.83 million shares, accounting for 2.72% of the company's current total share capital.

The maximum amount of capital raised by the employee stock ownership plan is 45.1934 million yuan. Using “shares” as the subscription unit, each share is 4.26 yuan, and the share of the shareholding plan is no more than 106.087.83 million shares.

After the shareholding plan is reviewed and approved by the company's shareholders' meeting, it is intended to transfer the shares repurchased by the company through non-transactional transfers and other means permitted by laws and regulations. The transfer price is 4.26 yuan/share.

The total number of employees participating in this employee stock ownership plan is no more than 354, including a total of 6 supervisors and senior managers. The final distribution shares and proportions of each participant are based on the final actual distribution, and are determined based on the actual contributions of employees.

The lockdown period is 12 months from the date the shareholding plan is reviewed and approved by the company's shareholders' meeting and the final target stock transfer to the employee stock ownership plan, and the unlocking time is not earlier than the date the company's 2024 audit report is issued, and no transactions are allowed during the lockdown period.