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Jointas Chemical plans fifth employee stock ownership plan

February 18, 2025 at 09:39 AM UTCBy FilingReader AI

Guangzhou Jointas Chemical (SZSE:002909) announced plans for its fifth employee stock ownership plan. The plan aims to improve corporate governance, attract and retain talent, and boost employee engagement. The total shares held under all effective employee stock ownership plans will not exceed 10% of the company's total share capital, with individual holdings capped at 1%. The shares for the plan will come from repurchased shares held in the company's special securities account, not exceeding 1.59% of the total share capital. Eligible participants include directors, supervisors, senior management, key employees, and other staff who have made outstanding contributions. The plan is subject to approval by the board of directors and shareholders' meeting. The company anticipates disclosing the draft plan within three months.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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