Zhejiang Huangma Technology (603181.SH) plans to launch an employee stock ownership plan in 2026.

Zhejiang Huangma Technology (603181.SH) disclosed its 2026 employee stock ownership plan (draft), with the scope of participation including the company (including subsidiaries) directors and core employees. The total number of participants at the initial establishment shall not exceed 48 persons (excluding reserved portions). The source of the stock for the employee stock ownership plan is the Zhejiang Huangma Technology A shares repurchased from the company's repurchase special account. The number of target shares planned to be held by the employee stock ownership plan shall not exceed 6.5 million shares, approximately 1.10% of the company's total equity on the date of the publication of the draft of the employee stock ownership plan. The total amount of funds to be raised by the employee stock ownership plan is capped at 47.97 million yuan, with "shares" as the subscription unit, and each share priced at 1.00 yuan. The specific number of shares shall be determined based on the actual amount of capital contributions. The price for the employee stock ownership plan to purchase repurchased shares is 7.38 yuan per share.