Changzhou Xingyu Automotive Lighting Systems (601799.SH) plans to launch an employee stock ownership plan involving no more than 540,000 shares.

Changzhou Xingyu Automotive Lighting Systems (601799.SH) disclosed the 2024 employee shareholding plan (draft), the source of the company's shares for this employee shareholding plan is the company's repurchase special account repurchased A-shares of the company, with a total shareholding not exceeding 540,000 shares, and the total number of participants in this employee shareholding plan is not more than 63, including 6 supervisors and senior executives. The specific list of participating employees, maximum subscription amount, and share allocation will be determined by the company's board of directors. The price at which the employee shareholding plan acquires the company's repurchased shares held in the repurchase special securities account is 72 yuan per share. The duration of this employee shareholding plan is 72 months, starting from the date of the last transfer of the targeted shares to the name of this employee shareholding plan. The shares obtained by this employee shareholding plan will be unlocked in three phases, with unlock dates of 12 months, 24 months, and 36 months from the date of the last transfer of the targeted shares to the name of this employee shareholding plan, with unlock proportions of 40%, 30%, and 30% respectively. The specific unlock proportions and quantities for each year will be determined based on the performance evaluation of the holders.