Suzhou Crystal Clear Chemical launches 2025 employee stock ownership plan

Suzhou Crystal Clear Chemical's board of directors and supervisory board have approved the 2025 Employee Stock Ownership Plan, which aims to enhance employee motivation and foster shared interests between employees and shareholders. The company's remuneration and assessment committee verified the plan's compliance with regulations and confirmed it does not harm company or shareholder interests. The supervisory board also confirmed the plan's legal and effective procedures.

The plan will include a maximum of 60 participants, comprising 3 directors and senior executives, and key staff. Funding for the plan will not exceed 12.25 million yuan, sourced from the company's reward fund. The stock for the plan will come from the company's repurchased A-shares, totaling 1,887,375 shares, representing 0.18% of the company's current total share capital, with a transfer price of 6.49 yuan per share.

The plan has a duration of 48 months, with a 12-month lock-up period for the first tranche. This will be followed by three unlocking periods over 36 months at ratios of 40%, 30%, and 30%. Unlocking is contingent on the company meeting performance targets, including 2025 operating revenue of no less than 1.5 bn yuan or net profit attributable to shareholders of no less than 100m yuan. The company will convene an extraordinary general meeting on October 10, 2025, to seek shareholder approval for the plan.