Kingfa Sci. & Tech. (600143.SH) is planning to launch an employee stock ownership plan in 2026.

Kingfa Sci. & Tech. (600143.SH) disclosed the 2026 Employee Stock Ownership Plan (draft), with a total of 1974 individuals participating in the plan, including 9 directors and senior executives. The shares will come from the company's repurchase special account of Kingfa Sci. & Tech. A-shares. After approval by the shareholders' meeting, the shares in the repurchase special securities account will be transferred to the Employee Stock Ownership Plan through legal means such as non-trading transfers, and the plan will not exceed 56.556893 million shares. The duration of the Employee Stock Ownership Plan is 60 months, and the shares will be unlocked in three phases, with lock-up periods of 12 months, 24 months, and 36 months, respectively, starting from the date of the shareholders' meeting's approval of the plan and the transfer of the final shares to the plan's name.