Fibocom plans to launch an employee stock ownership plan with a fundraising cap of nearly 40 million RMB

Fibocom (00638.HK) announced the "2026 Employee Stock Ownership Plan (Draft)", which aims to implement an employee stock ownership plan through the repurchase of shares by the company to improve the long-term incentive mechanism, enhance the sense of belonging of the core team, and strengthen the company's long-term competitiveness.

The plan's participants include the company's directors (excluding independent directors), senior management, middle management, and key technical and business employees, with an initial number not exceeding 269 people. The final number of participants will be determined based on actual contributions. The funding sources will be employees' legal salaries, self-raised funds, and other compliant methods, with a total fundraising cap of RMB 39.6822 million (the same below).

Regarding the source of shares, the plan will acquire A-shares from the company's repurchase special securities account through non-trading transfer within 6 months after approval by the shareholders' meeting, with a purchase price of RMB 15.1 per share. Based on the upper limit, the shares involved will not exceed approximately 2.628 million shares, accounting for about 0.29% of the company's existing total share capital.

The duration of the stock ownership plan is 60 months, with a lock-up period of 12 months, after which the shares will vest in three phases of 30%, 30%, and 40%. The company stated that the plan must be approved by the shareholders' meeting before implementation, which carries uncertainty, but it is expected not to affect the public shareholding ratio and listing status, and progress will be disclosed in a timely manner