Gelonghui, April 17 | Lai Yifen (603777.SH) announced the second phase of the employee stock ownership plan. The source of the employee stock ownership plan is Lai Yifen's A-share common stock shares purchased from the company's special repurchase account. The number of underlying shares to be held by the employee's shareholding plan does not exceed 2,7465.38 million shares, accounting for approximately 0.82% of the company's total share capital of 33,65599.08 million shares on the day the draft employee's shareholding plan was announced.

The sources of funding for this employee stock ownership plan are employees' legal remuneration, self-financing, and other methods permitted by laws and regulations. There are no cases where companies provide financial support to holders or guarantee their loans. The maximum amount of capital to be raised in the employee stock ownership plan is RMB 21.101.57 million, with “shares” as the subscription unit, and each share is $1.00. The specific share is determined based on the actual amount of funding contributions. The price of the employee's shareholding plan to buy back shares is 7.65 yuan/share.