Ningbo Xusheng Group (603305.SH) plans to launch an employee stock ownership plan in 2025.

Ningbo Xusheng Group (603305.SH) disclosed the employee stock ownership plan (draft) for the year 2025. The total number of participants in the plan will not exceed 750. The shares for the employee stock ownership plan will be sourced from the company's repurchased common stock of Ningbo Xusheng Group A shares in the repurchase dedicated securities account. After approval by the company's shareholders' meeting, the employees will acquire and hold the company's shares held by the repurchase dedicated securities account through legal methods allowed by regulations, totaling no more than 4.9 million shares, accounting for 0.42% of the company's current total equity. The employees will acquire the company's shares held by the repurchase dedicated securities account at a price of 7.06 yuan per share.