T&S (300570.SZ) Launches 2024 Employee Stock Ownership Plan, Raising Up to RMB 30.51 Million
eMusic Wire/10276510

SHENZHEN, China - eMusicWire -- T&S Communications Co., Ltd. (300570.SZ) has announced its 2024 Employee Stock Ownership Plan (ESOP). The plan aims to purchase no more than 1.8 million shares. The total funds to be raised will not exceed RMB 30.51 million. The subscription unit is set at RMB 1 per share, and the number of shares each participant will hold is determined based on their actual capital contribution.

The participants in this ESOP include the company's directors, supervisors, senior management (excluding independent directors), key management personnel, and other essential employees, totaling no more than 80 individuals. Among them, there are 7 directors, supervisors, and senior executives, with the exact number of participants depending on the actual payments made by employees.

More on eMusic Wire

• Seven Games That Make You Think (and Smile) Earn 2026 Mensa Select® Honors
• New Research Reveals Gen Z Trusts Independent Sources Over Influencers — Exposing What We are Talker Calls "The Independent Validation Gap"
• New research identifies The Discovery Gap: Seven in 10 Americans say travel is no longer just about getting away
• PropAccount.com Adds Equities to Its Multi-Asset Prop Firm Platform, Opening the Door to the World's Largest Trading Market
• Ailias Launches Global Partner Programme for AI-Powered Conversational Digital Humans in Events and Experiences

The ESOP will be effective for a period of 36 months, starting from the date it is approved by the company's shareholders' meeting and the final transfer of the target shares to the ESOP account is completed. If not extended, the plan will automatically terminate upon the expiration of this period.