On February 7, Gelonghui (688238.SH) announced the first phase of the employee stock ownership plan. The total amount of self-financing funds raised by employees in the employee stock ownership plan was no more than 30 million yuan, which was a ratio of 6:4 with the incentive fund withdrawn by the company. The amount of incentive funds withdrawn by the company according to the “Remuneration Management System” did not exceed RMB 20 million. The total amount of capital to be raised in this employee stock ownership plan is not more than RMB 50 million. Using “shares” as the subscription unit, each share is 1 yuan, and the total subscription share is no more than 50 million shares. The specific share is determined based on the actual amount of funding contributions.