Hoshine Silicon unveils employee stock plan, forex hedging to boost stability

Hoshine Silicon Industry Co. has announced its 2025 Employee Stock Ownership Plan, aiming to incentivize mid-level management and core technical staff. The plan will acquire up to 3.3 million shares from the company’s buyback program at 47.05 yuan per share, using a maximum of 155.265 million yuan from incentive funds. Shares will be locked for at least 12 months, with vesting tied to 2026 annual performance and distributed in two tranches.

Concurrently, the company and its subsidiaries plan to engage in foreign exchange derivatives trading to mitigate currency and interest rate risks associated with international business. Approved by the board, the initiative involves a maximum contract value and single-day margin/premium of 100 million yuan each, valid for 12 months.

This strategic move reflects the company's efforts to enhance employee retention and operational stability, while actively managing financial risks in a volatile market. The derivatives trading will involve various instruments, including spot/forward FX, currency swaps, and options, all based on normal cross-border operations.