---
title: "Soochow Securities Co., Ltd. plans to launch the third phase of its employee stock ownership plan, with a total fundraising amount not exceeding 68.9742 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/242027290.md"
description: "Soochow Securities Co., Ltd. plans to launch the third employee stock ownership plan, raising a total amount not exceeding 68.9742 million yuan. The shares will come from the company's repurchased A-share common stock, with a total number of shares transferred not exceeding 7.0598 million shares, priced at 9.77 yuan/share. The number of participants will not exceed 500, including no more than 11 directors, supervisors, and senior executives. The plan will have a duration of 48 months and will take effect after approval by the shareholders' meeting"
datetime: "2025-05-27T13:04:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/242027290.md)
  - [en](https://longbridge.com/en/news/242027290.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/242027290.md)
---

# Soochow Securities Co., Ltd. plans to launch the third phase of its employee stock ownership plan, with a total fundraising amount not exceeding 68.9742 million yuan

According to the Zhitong Finance APP, Soochow Securities Co., Ltd. (300416.SZ) disclosed the draft of the third employee stock ownership plan, which aims to raise a total of no more than 68.974178 million yuan. The shares for this employee stock ownership plan will come from the A-share common stock repurchased by the company through a dedicated securities account, with a total number of shares to be transferred not exceeding 7.059793 million shares, and the price for the repurchased shares is 9.77 yuan/share. The total number of participants in this employee stock ownership plan will not exceed 500, with the specific number of participants determined based on the actual payment situation of the employees. Among them, the number of directors (excluding independent directors), supervisors, and senior management personnel will not exceed 11.

In addition, the duration of this employee stock ownership plan is 48 months, starting from the date when the draft of the employee stock ownership plan is approved by the company's shareholders' meeting and the company announces the transfer of the last batch of target stocks to the name of this employee stock ownership plan

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