Jiangxi Hungpai New Material (605366.SH) plans to launch an employee stock ownership plan for 2025.

Jiangxi Hungpai New Material (605366.SH) disclosed the 2025 employee stock ownership plan (draft), with a total of no more than 115 employees participating in the plan. The shares for the employee stock ownership plan come from the company's repurchased A shares. After the employee stock ownership plan is approved by the shareholders' meeting, it is planned to acquire the repurchased shares through legal methods such as non-trading transfer, not exceeding 10.53 million shares, accounting for 1.66% of the company's current total share capital. The employee stock ownership plan will be granted in one lump sum with no reservations. The acquisition price for the plan is 2.77 yuan per share.