Ken Holding Co., Ltd. (300126.SZ) plans to launch an employee stock ownership plan in 2024.

Ken Holding Co., Ltd. (300126.SZ) disclosed the 2024 employee stock ownership plan (draft), which is expected to initially be awarded to no more than 20 participants, including 4 directors, supervisors, and senior executives. The shares for the employee stock ownership plan are sourced from the company's repurchase account for Ken Holding Co., Ltd.'s A shares, totaling no more than 5 million shares, approximately 1.64% of the company's current total equity. The price for employees to purchase repurchased shares through the employee stock ownership plan is 2.64 yuan per share. In order to meet the needs of the company's sustainable development and continuously attract and retain outstanding talent, the employee stock ownership plan proposes to reserve 3.83 million shares as reserved shares, accounting for 76.60% of the total number of shares in the plan. The reserved shares will be used to incentivize future new talent introduced to the company and teams or individuals who make outstanding contributions to the company's development.