On July 2nd, Gelunhui reported that Power Transmission (300904.SZ) has released its 2024 employee stock ownership plan (draft). The total number of shares for this employee stock ownership plan is no more than 359,200 shares, accounting for 0.50% of the current total share capital of 72,383,200 shares. The total amount of funds raised for this employee stock ownership plan is up to 7.27 million yuan, with 'units' as the subscription unit, and each unit share is 1.00 yuan. The specific shares will be determined based on the actual capital contribution payment.

The total number of participants in this employee stock ownership plan is no more than 96, including five directors, supervisors, and senior management personnel, and the specific number of participants is determined according to the actual payment situation of employees.

The duration of this employee stock ownership plan is 48 months, and the stocks received as the target will be unlocked in three phases, with lockup periods of 12 months, 24 months, and 36 months respectively. The calculation starts from the day when this employee stock ownership plan draft is reviewed and approved by the company's general meeting of shareholders and the last target stock is transferred to the name of this employee stock ownership plan according to the company announcement.