China Express Airlines (002928.SZ) plans to launch an employee stock ownership plan in 2024.

China Express Airlines (002928.SZ) announced its 2024 employee stock ownership plan (draft). The stock for the plan will come from the company's repurchased China Express Airlines A shares. The plan is to hold a maximum of 4.630299 million shares, accounting for approximately 0.36% of the total company's equity on the day the employee stock ownership plan was announced. The employee stock ownership plan aims to raise a total of 13.0575 million yuan. The subscription unit is "", with each unit priced at 1.00 yuan. The price for purchasing the repurchased shares in the plan is 2.82 yuan per share. The plan will last no more than 36 months, with the stock being unlocked in two phases, at 12 and 24 months, respectively, starting from the day the last target stock is transferred to the employee stock ownership plan.