Huizhong Instrumentation (300371.SZ) plans to launch the first phase of a medium to long-term employee stock ownership plan with a scale of not more than 1.8031 million shares.

Huizhong Instrumentation (300371.SZ) disclosed the draft of the medium and long-term employee stock ownership plan (first phase). The total number of participants in this stock ownership plan is not more than 118, including 8 directors (excluding independent directors), supervisors, and senior management personnel. The shares for the employee stock ownership plan come from the company's repurchase of Huizhong Instrumentation A shares through a special account for repurchases, with a maximum of 1.8031 million shares as the target stock volume, and the purchase price for repurchased shares in the employee stock ownership plan will be 5.15 yuan per share. Furthermore, the duration of this employee stock ownership plan is 36 months, counted from the date of transfer of the last batch of target shares announced by the company to the ownership of this employee stock ownership plan.