Sany Renewable Energy (688349.SH) plans to launch an employee stock ownership plan by 2025.

Sany Renewable Energy (688349.SH) disclosed its 2025 employee stock ownership plan (draft). The establishment size of the company's employee stock ownership plan does not exceed 91.4425 million yuan. The participants in the employee stock ownership plan include the company's directors, supervisors, senior executives, middle managers, key positions, and core business (technical) personnel, totaling no more than 861 people. The price for the purchase of repurchased shares in the employee stock ownership plan is 29.91 yuan per share. The term of the employee stock ownership plan is 72 months, starting from the date when the plan is approved by the shareholders' meeting and the last subject stock is transferred to the ownership of the employee stock ownership plan as announced by the company. The subject stock for the employee stock ownership plan is obtained through legal means such as non-trading transfers permitted by laws and regulations. The lock-up period for the subject stock obtained by the employee stock ownership plan is 12 months, starting from the date when the last subject stock is transferred to the ownership of the employee stock ownership plan as announced by the company, during which trading is not allowed.