Tongwei Co., Ltd.: Plans to launch 2026 employee stock ownership plan, raising no more than RMB 2.6 billion.

Tongwei Co., Ltd. announced that it has disclosed its 2026 Employee Stock Ownership Plan, intending to raise total funds of no more than RMB 2.600 billion, with no more than 410 participants. The shares will be sourced from A-share ordinary shares repurchased by the company through its dedicated securities repurchase account, at a transfer price of RMB 11.35 per share, with a planned holding of no more than 229.0749 million shares, accounting for no more than approximately 5.09% of the company's total share capital. The duration of this Employee Stock Ownership Plan is 60 months, with a statutory lock-up period of 12 months. It must be approved by the company's shareholders' meeting before implementation, and there is uncertainty as to whether such approval will be obtained.