The PennZone

SHENZHEN, China - PennZone -- 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 The PennZone

• Art of Whiskey Hosts 3rd Annual San Francisco Tasting Experience During Super Bowl Week
• Kilmaine Saints to Anchor St. Patrick's Day Weekend with Live Album Recording at XL Live
• PADT Earns Prestigious 2025 Americas Customer Loyalty Award from Ansys, Part of Synopsys
• Florida Keys Visitors Can Save 15 Percent With KeysCaribbean's Advanced Booking Discount
• Sleep Basil Unveils Revamped Natural Latex Mattress Collection Page for Cooler, Cleaner, Better-Aligned Sleep

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.