Tenglong Co., Ltd. (603158.SH) plans to launch the second phase of its employee stock ownership plan.

Zhitong Finance APP News, Tenglong Co., Ltd. (603158.SH) disclosed the second phase of its employee stock ownership plan (draft). The total number of participating employees shall not exceed 74 (excluding the reserved portion), and the reserved portion shall not exceed 18. The total funding for the stock ownership plan shall not exceed 28.0902 million yuan, with units as the subscription unit, each unit valued at 1 yuan. The upper limit of the number of units in this plan is 28.0902 million. Among these, 25.546 million units are proposed for initial grant, and 2.5442 million units are reserved for future grants. The company plans to repurchase no more than 5.30 million shares of stock. The price for the shares to be acquired (including the reserved portion) is 5.30 yuan per share.