Zhejiang Nhu Company Ltd. (002001.SZ) Proposes Fifth Employee Stock Ownership Plan

Stock News12-10

Zhejiang Nhu Company Ltd. (002001.SZ) has disclosed a draft for its fifth employee stock ownership plan. The plan will involve no more than 605 participants, including 13 directors (excluding independent directors), supervisors, and senior management personnel.

The funding for this employee stock ownership plan will come from employees' personal capital and leveraged financing, with a total amount not exceeding RMB 522 million. The shares involved in the plan will not exceed 10% of the company's total share capital. The shares will be acquired through the company’s repurchased stock held in a dedicated securities account and/or purchases from the secondary market (including but not limited to block trades and centralized bidding), in compliance with relevant laws and regulations.

The purchase under this employee stock ownership plan will be completed within six months after the plan is approved at the shareholders' meeting. The plan will have a duration of no more than 24 months, with the term commencing from the date the last batch of shares is registered under the plan.

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