SQ Group plans to launch an employee stock ownership plan in 2025
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SQ Group plans to launch an employee stock ownership plan in 2025, with participants including the company's directors, supervisors, senior executives, and core employees, totaling no more than 4,000 people. The plan will hold no more than 33,186,489 shares, accounting for approximately 3.92% of the company's total share capital. The upper limit for raised funds is 431,424,357 yuan, with a financing to self-owned funds ratio not exceeding 1:1, and the repurchase price for shares is 13.00 yuan/share
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