Centre Testing International launches fourth ESOP

Centre Testing International Group Co., Ltd. (CTI) has announced its fourth employee stock ownership plan (ESOP), effective November 2025. The plan aims to align the interests of shareholders, the company, and employees, enhance governance, and attract and retain key talent. CTI will self-manage the ESOP, with a dedicated committee overseeing operations and exercising shareholder rights.

The plan will be funded by employee self-financing, supported by interest-bearing loans from major shareholders. It will include up to 600 participants, such as senior management, supervisors, and core business personnel, with a maximum fundraising target of 71.05 million yuan. This capital will be used to acquire up to 5 million CTI A-shares from the company's repurchased stock account at 14.21 yuan per share. The shares will have a 12-month lock-up period after their transfer.

The ESOP’s total shares will not exceed 10% of the company's total share capital, with individual holdings capped at 1%. The plan has a 24-month duration, with an option for extension subject to approval and a 2/3 majority vote from participants for any changes or extensions.