Iflytek unveils second employee stock ownership plan, sets shareholder meeting

Iflytek Co., Ltd. (SZSE:002230) has unveiled its second employee stock ownership plan, aiming to improve a shared interest mechanism between employees and owners. The plan will acquire no more than 8,394,061 shares, representing approximately 0.36% of the company's total share capital, from shares repurchased by the company. The purchase price for these shares is 24.59 yuan per share, with total fundraising capped at 206.41 million yuan. Up to 2,000 core employees, excluding directors and senior management, are eligible for the plan.

The employee stock ownership plan has a duration of 60 months, including a 12-month lock-up period followed by three unlocking phases: 30% after 12 months, 30% after 24 months, and 40% after 36 months from the date the last batch of shares is transferred to the plan. An additional six-month voluntary lock-up period applies to each unlocking phase. The company’s board of directors approved the plan on December 24, 2025.

Iflytek also announced its 2026 first extraordinary general meeting of shareholders, scheduled for January 9, 2026. Shareholders will vote on the employee stock ownership plan and the election of new board members. The company proposes Liu Qingfeng, Chen Hongtao, Chen Yurong, Wu Xiaoru, Jiang Tao, and Nie Xiaolin as non-independent director candidates, and Zhao Xijun, Zhang Benzhao, Wu Cisheng, and Zhang Linghan as independent director candidates.