Shuanghuan Driveline launches 164m yuan employee stock plan

Zhejiang Shuanghuan Driveline has initiated a 2025 employee stock ownership plan with total fundraising not exceeding 164 million yuan. The company will acquire shares through repurchases from its dedicated securities account.

The 36-month plan includes up to 358 participants, including directors, supervisors and senior management. Shares will unlock in two phases at 12 and 24 months, with 50% released at each interval. Individual employee holdings are capped at 1% of share capital.