Asiainfo Security Technologies (688225.SH) plans to launch an employee stock ownership plan in 2026.
AsiaInfo Security (688225.SH) disclosed the draft of the 2026 Employee Stock Ownership Plan, with participants including directors (excluding independent directors), senior management, core technical personnel, middle management, and key employees working in the company (including subsidiaries). The initial number of employees granted stock options will not exceed 213, with 6 directors (excluding independent directors) and senior management, and up to 207 other employees.
Asiainfo Security Technologies (688225.SH) disclosed the 2026 employee stock ownership plan (draft), which is open to directors (excluding independent directors), senior management, core technical personnel, middle management, and key employees working in the company (including subsidiaries). The total number of employees first granted stock ownership shall not exceed 213, with 6 directors (excluding independent directors) and senior management, and no more than 207 other employees.
The source of the stock for this employee stock ownership plan is the company's repurchased A shares of common stock, with a total of no more than 13.490585 million shares, accounting for 3.37% of the company's current total share capital. Of this, 11.795 million shares are planned to be initially granted, representing 87.43% of the total stock in the employee stock ownership plan, and 2.95% of the company's current total share capital; 1.695585 million shares are reserved, representing 12.57% of the total stock in the employee stock ownership plan, and 0.42% of the company's current total share capital.
The employee stock ownership plan special account will acquire the company's repurchased stock of 13.490585 million shares through legal means such as non-trading transfers. The acquisition price for the employee stock ownership plan (including reserved shares) is 10.45 yuan per share. The employee stock ownership plan is based on "shares" as the unit of ownership, with each share being 1.00 yuan, and employees must subscribe to whole multiples of shares. The total number of shares for this employee stock ownership plan shall not exceed 140.976613 million shares, with the total shares for employees first granted stock ownership not exceeding 123.25750 million shares.
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