Giant Network Group (002558.SZ) plans to launch the second phase of an employee stock ownership plan.

Giant Network Group (002558.SZ) has announced the second phase of its employee stock ownership plan (draft), where the stocks will be sourced from the company's repurchase special account of repurchased Giant Network Group A-shares. The plan aims to hold a maximum of 3.173829 million shares, representing approximately 0.16% of the company's total share capital as of the date of the announcement of the employee stock ownership plan draft. The purchase price for the repurchased shares is set at 20.67 yuan per share. This employee stock ownership plan will have a duration of no more than 48 months, with a lock-up period of 12 months for the target stocks.