Suzhou Kingswood Education Technology (300192.SZ) plans to launch the first phase of the employee stock ownership plan "Leap".

Suzhou Kingswood Education Technology (300192.SZ) has released the first phase of an employee stock ownership plan (draft), with a fund size not exceeding 200 million RMB, with "shares" as the subscription unit, and each share priced at 1.00 RMB. Based on the closing price of the company's stock at 16.13 RMB per share, the employee stock ownership plan is expected to purchase approximately 12.39 million shares, accounting for around 3.77% of the company's total equity. The duration of the employee stock ownership plan is 24 months, starting from the date of approval by the company's shareholders' meeting. If the plan is not extended upon reaching the end of the duration period, it will be terminated automatically.