Anhui Jinchun Nonwoven (300877.SZ) plans to introduce an employee stock ownership plan by 2025.

Anhui Jinchun Nonwoven (300877.SZ) has announced the 2025 Employee Stock Ownership Plan (draft), with a total funding of no more than 28.785 million yuan. Funding sources include employees' legal compensation, self-raised funds, and other ways permitted by laws and administrative regulations. The stock source for the ownership plan is the company's A-share common stock held in a special buyback account, totaling no more than 3.662209 million shares, approximately 3.05% of the company's existing total share capital. The purchase price for the repurchased shares in the employee ownership plan is 7.86 yuan per share. The duration of this employee stock ownership plan is 36 months, starting from the date when the draft of the plan is approved by the company's shareholders' meeting and the last subject shares are transferred to the ownership plan.