On March 21, Ge Longhui (300883.SZ) announced the 2024 employee stock ownership plan (draft). The source of the shares in the employee stock ownership plan is Longlide's A-share common stock shares purchased in the company's special account. The number of underlying shares to be held by the employee's shareholding plan does not exceed 39563.87 million shares, accounting for about 1.14% of the company's total share capital of 340.6 million shares on the day the draft employee's shareholding plan was announced.

The maximum amount of capital to be raised in the employee stock ownership plan is RMB 12,1461.08 million, using “shares” as the subscription unit, and each share is RMB 1.00. The price of the employee's shareholding plan to buy back shares is 3.07 yuan/share.

The scope of participants in this employee shareholding plan is the directors, supervisors, senior management of the company (including subsidiaries) and other personnel (hereinafter referred to as “holders”) that the board of directors believes need incentives. The total number of participants is not more than 90 people at the time of initial establishment. The specific number and list of participants will be determined based on the actual payment status of the employees.

The employee's shareholding plan lasts no more than 36 months, and the underlying shares are unlocked in two installments. The lockup period is 12 months and 24 months respectively, all calculated from the date the company announced the last transfer of the underlying stock to the employee's shareholding plan.