Zhejiang JIULI Hi-tech Metals (002318.SZ) plans to launch the first phase of its employee stock ownership plan in 2025, with an expected scale of no more than 18.034 million shares.

Zhejiang JIULI Hi-tech Metals (002318.SZ) disclosed the first phase of the employee stock ownership plan (draft) for the year 2025. The stock source of the employee stock ownership plan is the company's repurchased shares in a dedicated account, which will be transferred to the employees in a legal and regulatory manner, not exceeding a total of 18.003377 million shares (including reserved shares). The price at which the employee stock ownership plan will purchase repurchased shares is 13.66 yuan per share. The total number of employees planning to participate in this employee stock ownership plan is not more than 950 (excluding reserved spaces), including 5 directors and senior management members. The term of this employee stock ownership plan is 60 months, starting from the date of the transfer of the last designated share to the employee stock ownership plan. The designated shares received by this employee stock ownership plan will be locked for 12 months from the date of transfer of the last designated share to the employee stock ownership plan.