---
title: "HONGYUAN plans to launch an employee stock ownership plan in 2025, with a scale not exceeding 3.8887 million shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/256131084.md"
description: "HONGYUAN plans to launch an employee stock ownership plan in 2025, with a scale not exceeding 3.8887 million shares. The plan includes an initial transfer of 2.1602 million shares, with a subscription unit price of 1.00 yuan/share, totaling no more than 45.1478 million shares. The number of participants will not exceed 75, divided into directors, executives, and other employees. The stock ownership plan will be unlocked in three phases, with a total lock-up period of 36 months, while a portion reserved will be unlocked in two phases, with a total lock-up period of 24 months, and a duration not exceeding 60 months"
datetime: "2025-09-05T12:04:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/256131084.md)
  - [en](https://longbridge.com/en/news/256131084.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/256131084.md)
---

# HONGYUAN plans to launch an employee stock ownership plan in 2025, with a scale not exceeding 3.8887 million shares

According to the Zhitong Finance APP, HONGYUAN (603185.SH) has disclosed the draft of its 2025 employee stock ownership plan, with a total scale not exceeding 3,888,698 shares (of which 2,160,207 shares are intended for initial transfer). The employee stock ownership plan uses "units" as the subscription unit, with 1 unit priced at 1.00 yuan, and the total number of units in the employee stock ownership plan not exceeding 45,147,800. The total number of participants in this stock ownership plan will not exceed 75 people (excluding reserved units), including 1 director (excluding independent directors), 4 senior management personnel (including 1 who also serves as a director), and no more than 71 other employees.

The initial grant of this employee stock ownership plan will be unlocked in three phases, with each phase having a lock-up period of 12 months, for a total lock-up period of 36 months. The reserved grant portion will be unlocked in two phases, with each phase having a lock-up period of 12 months, for a total lock-up period of 24 months, and the duration will not exceed 60 months, starting from the date of the company's announcement of the last transfer of the underlying shares to the employee stock ownership plan

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