Suzhou HYC Technology (688001.SH) plans to launch a 2026 employee stock ownership plan.

Suzhou HYC Technology (688001.SH) disclosed the draft of its 2026 employee stock ownership plan. The total number of participants in the employee stock ownership plan shall not exceed 100 at the time of initial establishment, including 2 senior management personnel. The employee stock ownership plan intends to raise a total amount of no more than RMB 22.262183 million, with "units" as the subscription unit, each unit being RMB 1.00, and the upper limit of the number of units under the employee stock ownership plan being 22.262183 million units. The shares under the employee stock ownership plan are sourced from the company's A-share ordinary shares held in the company's special securities account for repurchase. After the employee stock ownership plan is deliberated and approved by the company's shareholders' meeting, the company's shares held in the special securities account for repurchase will be acquired through non-trading transfer and other methods permitted by laws and regulations. The total number of shares transferred under the employee stock ownership plan shall not exceed 649,801 shares, accounting for 0.14% of the company's current total share capital. The price at which the employee stock ownership plan purchases the company's repurchased shares is RMB 34.26 per share.