Zhejiang Hailiang (002203.SZ) plans to launch an employee stock ownership plan in 2026, with an expected size not exceeding 80,636,100 shares.

Zhejiang Hailiang (002203.SZ) disclosed the 2026 employee stock ownership plan (draft), with a total of not more than 300 employees participating, including 8 directors and senior management. After approval by the company's shareholders' meeting, the employee stock ownership plan will acquire and hold the company's shares held by the company's repurchase special securities account through non-trading transfer and other legal and regulatory means, totaling no more than 80,636,100 shares, accounting for 3.52% of the current total share capital of the company. The employee stock ownership plan will acquire the company's shares held by the company's repurchase special securities account at a transfer price of 9.00 yuan per share. The term of the employee stock ownership plan is 120 months, starting from the date of transfer of the last target stock announced by the company to the employee stock ownership plan.