CATL: Plans to Launch the Second Employee Stock Ownership Plan of 2026

CATL announced that the company has released the draft of its 2026 second tranche A-share employee stock ownership plan, under which it intends to acquire shares from the company's repurchase account, with a scale of no more than 8.0816 million shares, accounting for 0.175% of total share capital. The initial grant recipients are a total of 5,960 mid-level managers and core key staff, with a transfer price of RMB 158.42 per share and total funds of no more than RMB 1.280 billion. The stock ownership plan has a duration of 60 months and will vest in three tranches, at 30%, 30%, and 40%, respectively.