YUTO Packaging moves forward with 2025 employee stock ownership plan

Shenzhen YUTO Packaging Technology Co. Ltd. (YUTO Packaging) has received a legal opinion concerning its 2025 employee stock ownership plan. The plan, reviewed by the company's fifth board of directors and the compensation and assessment committee on August 25, 2025, aims to enhance employee motivation and company competitiveness.

The plan involves up to 399 participants, including directors (excluding external/independent directors), supervisors, senior management, and core technical staff. Capital for the plan will come from legal employee remuneration, self-raised funds, and other legally permitted sources. The shares for the plan will be sourced from the company's repurchase of A-shares through a dedicated securities account.

The maximum number of shares to be acquired under the plan is 16.51m shares. Following its implementation, the total number of shares held by all effective employee stock ownership plans will not exceed 10% of the company's total share capital. The plan's duration is 60 months, starting from the approval by the shareholders' meeting and the transfer of the last batch of shares to the plan.