Andon Health (002432.SZ) announced its employee stock ownership plan (draft) for 2024. The shares of this employee stock ownership plan are sourced from the shares repurchased by the company's special account for repurchase. The plan is expected to hold no more than 21,700,000 shares of the target stock, accounting for 4.42% of the total share capital of the company. The total amount of funds raised by the plan is not more than 0.445 billion yuan, with "shares" as the subscription unit, and the initial subscription price per share is RMB 1.00. The upper limit of shares at the time of establishment is 445,067,000 shares.

In order to meet the needs of the sustainable development of the company and continuously attract and retain outstanding talents, the employee stock ownership plan plans to reserve 6,676,005,000 shares, accounting for 15% of the total shares of the employee stock ownership plan. The corresponding number of target stocks is 3,255,000,000 shares.

The price for the employee stock ownership plan to acquire repurchased shares from the company is RMB 20.51 per share.

The total number of employees participating in the employee stock ownership plan (excluding reserved recipients) at the time of initial establishment does not exceed 800, including no more than 6 directors (excluding independent directors), supervisors, and senior management personnel. The final number and list of participants will be determined based on the actual payment status of employees.

The duration of the employee stock ownership plan is 8 years, starting from the registration of target stocks in the name of the employee stock ownership plan. The lock-up period of the plan is 12 months, starting from the date of the last transfer of the target stocks to the name of the plan announced by the company.