GeLongHui November 12th tianjin you fa steel pipe group stock (601686.SH) announced the 'Wealth for All No. 1' employee stock ownership plan. The total amount of funds to be raised by this employee stock ownership plan has an upper limit of 240 million yuan, with 'shares' as the subscription unit, and each share is 1.00 yuan. The ratio of financing funds to own funds shall not exceed 1:1.
The source of the shares in this employee stock ownership plan includes shares repurchased by the company's special repurchase account, as well as shares acquired and held in this company through secondary market purchases (including but not limited to centralized competitive bidding, block trading, and agreement transfers), or other ways permitted by laws and regulations. Based on the total fund limit of 240 million yuan for this employee stock ownership plan and the average price of 5.71 yuan/share on the day before the announcement of this employee stock ownership plan, the maximum total number of shares that can be purchased and held by this employee stock ownership plan is approximately 42.031523 million shares. Combining with the existing tianjin you fa steel pipe group stock 'Sharing No. 1' employee stock ownership plan holding 4.9542 million shares and 'Creation No. 1' employee stock ownership plan holding 5.65 million shares, the total holding limit of all employee stock ownership plans is approximately 52.635723 million shares, accounting for approximately 3.68% of the current total share capital of the company of 1431.79114 million shares.
After the implementation of this employee stock ownership plan, the total number of shares held by all valid employee stock ownership plans of the company shall not exceed 10% of the company's total share capital, and the total number of shares corresponding to a single employee's holding of stock ownership plan shares shall not exceed 1% of the company's total share capital.
