Hillstone Networks Co., Ltd. (688030.SH) plans to launch an employee stock ownership plan in 2026.

Hillstone Networks Co., Ltd. (688030.SH) has disclosed its draft employee stock ownership plan for 2026, which is set to include directors, senior management, core technical personnel, and key employees from the company (including subsidiaries and controlling subsidiaries), with an initial total number of participants not exceeding 122. The stock for the employee stock ownership plan will come from ordinary A shares repurchased by the companys dedicated repurchase account. The total number of shares intended to be held under the employee stock ownership plan will not exceed 1,414,450 shares, accounting for approximately 0.78% of the companys total equity as of June 30, 2026. The upper limit for funds to be raised under the employee stock ownership plan is set at 11,160,100 yuan, with each subscription unit defined as share, at a value of 1.00 yuan per share, with the specific share allocation determined based on the actual contribution amount. The purchase price for the repurchased shares under the employee stock ownership plan is 7.89 yuan per share.