Orinko Advanced Plastics (688219.SH) plans to launch a 2026 employee stock ownership plan.

Orinko Advanced Plastics (688219.SH) disclosed the draft of its 2026 employee stock ownership plan. The total number of employees participating in the stock ownership plan shall not exceed 161 at the time of initial establishment (excluding reserved grantees and persons to be reallocated in the future), including 7 directors (excluding independent directors) and senior management personnel. The transfer price of the stock ownership plan (including reserved shares) is RMB 5.23 per share. The shares under the stock ownership plan are sourced from the company's A-share ordinary shares in the company's special repurchase account, with a scale not exceeding 9.00 million shares, accounting for 1.64% of the company's current total share capital. The specific number of shares shall be determined based on the actual capital contribution. Among them, in order to meet the needs of the company's sustainable development and continuously attract and retain outstanding talents, the stock ownership plan intends to set aside 132,000 reserved shares, accounting for 1.47% of the total shares of the stock ownership plan and 0.02% of the company's current total share capital.