T&S (300570.SZ) Launches 2024 Employee Stock Ownership Plan, Raising Up to RMB 30.51 Million
ncarol.com/10265964

SHENZHEN, China - ncarol.com -- 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 ncarol.com

• HLN Consulting Names Lilly Kan as Its First Chief Executive Officer
• BitTitan Accelerates Large-Scale Document Migrations with MigrationWiz
• Clearnetworx Deploys netElastic vBNG, CGNAT And netVision To Power Fiber Expansion Across Colorado's Western Slope
• Creole101 Launches Multilingual Dictionary App with 50,000+ Entries, Vocabulary Games and Haitian Cultural Resources
• Hilton Waikiki Beach Resort & Spa Introduces Level 37 Sky Lounge by Casamigos

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.