Ming Yang Smart Energy Group Limited (601615.SH) Proposes 2025 Employee Stock Ownership Plan

Stock News09-25

Ming Yang Smart Energy Group Limited (601615.SH) has disclosed its 2025 Employee Stock Ownership Plan (Draft). The plan allows participation of up to 110 employees, with shares sourced from the company's repurchased shares held in its dedicated securities account for share repurchases. The employee stock ownership plan intends to hold no more than 10 million shares of the target stock. The purchase price for the company's repurchased shares under this employee stock ownership plan is set at 7.02 yuan per share, and shall not be lower than the higher of the following prices: (1) 50% of the company's average stock trading price on the trading day before the announcement of this employee stock ownership plan draft, which is 7.02 yuan per share; (2) 50% of the company's average stock trading price during the 120 trading days before the announcement of this employee stock ownership plan draft, which is 5.77 yuan per share.

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