Jiuli Special Material (002318.SZ) plans to launch the first phase of an employee stock ownership plan in 2025, with an expected size of not more than 18.03 million shares.

Zhixun Finance App News, Jiu Li Te Cai (002318.SZ) disclosed the first phase of the 2025 employee stock ownership plan (draft). The source of the stocks in the employee stock ownership plan is the company's repurchased shares in the repurchase special account, which will be transferred the repurchased company A shares held in the special securities account in a manner permitted by relevant laws and regulations, totaling not more than 18,003,377 shares (including reserved shares). The price at which the employee stock ownership plan purchases the repurchased shares is 13.66 yuan per share. The total number of employees expected to participate in this employee stock ownership plan is not more than 950 (excluding reserved spots), including 5 directors and senior management personnel participating in this employee stock ownership plan.