Essence Fastening Systems Announces 2026 Employee Stock Ownership Plan

Stock News03-09

Essence Fastening Systems (Shanghai) Co., Ltd. (301005.SZ) has disclosed a draft for its 2026 Employee Stock Ownership Plan (ESOP). The plan will include no more than 29 participants in total. The number of underlying shares to be held under the plan will not exceed 569,956 shares. The total funds to be raised have an upper limit of 45.8815 million yuan. The price for the shares repurchased for the ESOP is set at 80.50 yuan per share. The duration of this employee stock ownership plan will not exceed 72 months. The lock-up period for the acquired shares will be 12 months, commencing from the date the company announces the transfer of the final batch of underlying shares to the ESOP.

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(301005.SZ) has disclosed a draft for its 2026 Employee Stock Ownership Plan (ESOP). The plan will include no more than 29 participants in total. The number of underlying shares to be held under the plan will not exceed 569,956 shares. The total funds to be raised have an upper limit of 45.8815 million yuan. The price for the shares repurchased for the ESOP is set at 80.50 yuan per share. The duration of this employee stock ownership plan will not exceed 72 months. 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