Xizang Zhufeng Resources Co.,Ltd. (SHSE: 600338) has unveiled a draft proposal for its 2026 Employee Share Ownership Plan.
The plan is set to include a maximum of 207 participating employees.
The total funds to be raised are capped at 62 million yuan, with subscriptions measured in units, where each unit is valued at 1.00 yuan, resulting in a maximum of 62 million units available.
Funding for this plan will be sourced from employees' legal salaries, their personal contributions, other permissible methods under relevant laws and regulations, as well as incentive funds allocated by the company.
The total amount to be self-raised by employees is limited to 31 million yuan.
This employee contribution will be matched on a 1:1 basis with the incentive funds extracted by the company, which will not exceed 31 million yuan.
The Employee Share Ownership Plan will acquire the company's A-share common stock through secondary market purchases, including methods like block trades and centralized bidding, or other means permitted by laws and regulations.
The purchase price for the shares will be determined based on the prevailing market price in the secondary market.
Comments