C&S Paper launches employee stock plan targeting 77m yuan

C&S Paper has launched its fourth employee stock ownership plan, targeting up to 150 participants including directors and senior management to raise up to 77.74 million yuan.

Participants will acquire shares at 3.38 yuan per share, significantly below recent market prices. The shares come from the company's repurchased stock totaling 66.07 million yuan by June 2025.

The 48-month plan has performance-linked unlocking over 12 and 24 months, with company net profit targets of 300 million yuan for 2025 and 400 million yuan for 2026.