Yuyuan Tourist Mart announces fifth employee stock ownership plan

Shanghai Yuyuan Tourist Mart Group (SSE:600655) has announced its Fifth Employee Stock Ownership Plan, targeting directors, supervisors, senior management, key personnel, and skilled staff—a total of no more than 186 participants. The plan will source shares from the company's existing share repurchase account, transferring up to 21.207 million shares, representing approximately 0.545% of the total share capital. These shares will be transferred at a price of 2.91 yuan per share, equivalent to 50% of the average trading price over the 20 days prior to the draft announcement. The plan has a 48-month duration with phased unlocking over three years and a total funding ceiling of 61.712 million yuan. Implementation is contingent upon shareholder approval.