Xiong Shu Technology (300599.SZ): Plans to Launch First Phase Employee Stock Ownership Plan

Gelonghui, March 18 — Xiongshu Technology (300599.SZ) announced the first employee stock ownership plan. The total funds for this plan do not exceed 39.9938 million yuan, sourced from employees’ legitimate salaries, self-owned funds, or self-raised funds. The shares for this plan will come from the company’s repurchase dedicated securities account holding A-shares. The plan intends to hold no more than 6.86 million shares, approximately 1.92% of the company’s current total share capital. The purchase price for the repurchased shares is 5.83 yuan per share.

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