Jiangsu Yunyi Electric (300304.SZ) plans to launch an employee stock ownership plan with a total fundraising amount not exceeding 95.1444 million yuan.

Jiangsu Yunyi Electric (300304.SZ) disclosed the second phase of the employee stock ownership plan (draft). The total amount of funds to be raised for the company's employee stock ownership plan is not more than 95.1444 million yuan, and the total number of participants in the first phase of the employee stock ownership plan is not more than 280 people (excluding future reallocated personnel). The specific number of participants will be determined based on the actual payment situation of employees. The shares of the employee stock ownership plan come from the Jiangsu Yunyi Electric A-share common stocks repurchased by the company's repurchase special securities account, totaling no more than 20.33 million shares, of which 16.33 million shares will be initially transferred and 4 million shares will be reserved. The term of the employee stock ownership plan is 60 months, starting from the date when the draft of the employee stock ownership plan is approved by the company's shareholders' meeting and the company announces the transfer of the underlying stock to the name of the employee stock ownership plan. The underlying stock of the employee stock ownership plan will be unlocked in three phases, with lock-up periods of 12 months, 24 months, and 36 months respectively. The initial grant/ reserved portions will be calculated from the last transfer date of the corresponding granted shares announced by the company to the name of the employee stock ownership plan. The proportion of the underlying stock unlocked in each phase is 30%, 30%, and 40% respectively. The specific unlocking proportions and quantities for each year will be determined based on the company's performance indicators and holdover evaluation results.