---
title: "SQ Group plans to launch an employee stock ownership plan in 2025"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/238867230.md"
description: "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"
datetime: "2025-05-06T09:01:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/238867230.md)
  - [en](https://longbridge.com/en/news/238867230.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/238867230.md)
---

# SQ Group plans to launch an employee stock ownership plan in 2025

According to the Zhitong Finance APP, SQ Group (605589.SH) has disclosed the draft of its 2025 employee stock ownership plan. The scope of participants in this employee stock ownership plan includes the company's (including subsidiaries) directors, supervisors, senior management personnel, core backbone personnel, and other employees of the company (referred to as "holders"), with an initial total number not exceeding 4,000.

The source of the stocks for this employee stock ownership plan will be the ordinary shares of SQ Group A-shares repurchased from the company's dedicated repurchase account. The number of target stocks intended to be held by the employee stock ownership plan will not exceed 33,186,489 shares, accounting for approximately 3.92% of the company's total equity as of the announcement date of this employee stock ownership plan draft. The total amount of funds to be raised by the employee stock ownership plan is capped at 431,424,357 yuan, with "units" as the subscription unit, each unit being 1.00 yuan, where the ratio of financing funds to self-owned funds does not exceed 1:1. The purchase price for the repurchased shares in the employee stock ownership plan is 13.00 yuan/share

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