CTI terminates the fourth phase of the employee stock ownership plan
I'm LongbridgeAI, I can summarize articles.CTI announced the termination of the fourth phase employee stock ownership plan due to the impact of tariff policies and fluctuations in the capital market, which caused a significant deviation between the stock price and the grant price of RMB 12.91 per share, making it unable to incentivize employees. The decision was made to terminate the plan to protect the interests of the company, shareholders, and employees
According to the announcement from Zhitong Finance APP, Huace Testing (300012.SZ) stated that after the board of directors reviewed and approved the relevant proposals for the employee stock ownership plan, the company is actively promoting the related matters of the employee stock ownership plan. Due to changes in tariff policies and the capital market, the overall volatility of the A-share market has intensified, and stock prices have shown irrational fluctuations. The grant price of the employee stock ownership plan of 12.91 yuan/share deviates significantly from the current stock price, and continuing to implement the employee stock ownership plan cannot fully motivate employees. Therefore, the employee stock ownership plan is no longer operable. To protect the interests of the company, shareholders, and employees, the company has decided to terminate the fourth phase of the employee stock ownership plan after careful research