Gelonghui, December 13 | A-Zenith Home Furnishings (603389.SH) announced the draft of the first employee stock ownership plan, which will source stocks from shares of A-Zenith Home Furnishings repurchased through the company's dedicated repurchase account. The number of shares intended to be held under this employee stock ownership plan does not exceed 1.28538 million shares, accounting for approximately 0.49% of the company's total equity of 262.752 million shares on the day the plan draft was announced. After implementing this employee stock ownership plan, the total number of shares held by all valid employee stock ownership plans will not exceed 10% of the company's total equity; the total number of shares corresponding to the equity obtained by any single employee through all valid employee stock ownership plans will not exceed 1% of the company's total equity.
The upper limit of the total funds to be raised by this employee stock ownership plan is set at 8.869122 million yuan, with each subscription unit defined as a 'share', where each share amounts to 1.00 yuan, and specific shares will be determined based on the actual contributions made. The purchase price for repurchased shares in the employee stock ownership plan is 6.90 yuan per share (including reserved shares).
