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

• Liftoff Enterprises Launches Liftoff Spotlight,™ A Nationally Broadcast Platform Turning Conversations Into Revenue
• From November 24th to 27th, Fuqing Invites You to Join Us at BIG 5 to Jointly Build a New Future for Middle Eastern Architecture
• Dispelling Holiday Suicide Myth: CDC Data Shows Suicide Rates Lowest in December; International Survivors of Suicide Day Emphasizes Need for Action
• Stratum Nutrition's OVOLUX™ Named 2025 "Collagen Ingredient of the Year" by Beauty Innovation Awards
• Sons of Liberty Museum Unveils "America at 250" Mobile Exhibit on Veterans Day 2025

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.