T&S (300570.SZ) Launches 2024 Employee Stock Ownership Plan, Raising Up to RMB 30.51 Million
illi News/10271519

SHENZHEN, China - illiNews -- T&S Communications Co., Ltd. (300570.SZ) has announced its 2024 Employee Stock Ownership Plan (ESOP). The plan aims to purchase no more than 1.8 million shares. The total funds to be raised will not exceed RMB 30.51 million. The subscription unit is set at RMB 1 per share, and the number of shares each participant will hold is determined based on their actual capital contribution.

The participants in this ESOP include the company's directors, supervisors, senior management (excluding independent directors), key management personnel, and other essential employees, totaling no more than 80 individuals. Among them, there are 7 directors, supervisors, and senior executives, with the exact number of participants depending on the actual payments made by employees.

More on illi News

• Illinois 45th District Candidate Josh Atkinson Introduces a New Way to Reach Voters
• Kentucky Judges Ignore Evidence, Prolong Father's Ordeal in Baseless Case
• Contracting Resources Group Receives 2025 HIRE Vets Platinum Medallion Award from the U.S. Department of Labor
• Suburban Orthopaedics Expands Spine Team with Board-Certified Surgeon Joseph Brindise, DO
• Naperville: Drive Sober or Get Pulled Over This Season

The ESOP will be effective for a period of 36 months, starting from the date it is approved by the company's shareholders' meeting and the final transfer of the target shares to the ESOP account is completed. If not extended, the plan will automatically terminate upon the expiration of this period.