Xin Lang Cai Jing·2026-02-11 07:01Core Viewpoint - Contemporary Amperex Technology Co., Limited (CATL) has announced a new employee stock ownership plan aimed at incentivizing nearly 5,000 core employees, aligning their interests with those of the company and shareholders [1][46]. Group 1: Purpose and Participants - The plan aims to retain talent and foster development by incentivizing mid-level and key employees through stock ownership, thereby aligning their interests with the company's long-term goals [1][46]. - Participants include approximately 5,000 core employees, primarily mid-level managers and key personnel, including foreign employees. Exclusions apply to directors, senior management, shareholders holding more than 5%, and their immediate family members [2][48][63]. Group 2: Stock Details and Pricing - The shares will be sourced from previously repurchased A-shares by the company [3][50]. - The purchase price is set at 183.64 yuan per share, which is approximately 50% of the higher of the average trading price from the previous day or the average over the last 20 days [4][51][70]. Group 3: Lock-up Period and Conditions - The total lock-up period is 36 months, with shares unlocking in three phases: 30% after one year, another 30% after two years, and the remaining 40% after three years [4][52][73]. - The unlocking of shares is contingent upon individual performance evaluations, with grades determining the percentage of shares that can be unlocked each year [4][52][75]. Group 4: Financial and Management Aspects - The total funding cap for the plan is approximately 74.32 billion yuan, with a maximum of about 404.68 million shares, representing 0.09% of the company's total equity. About 12.36% of the shares are reserved for future talent acquisition [6][53][65]. - The plan will be managed internally by the company, with a management committee elected by the participants overseeing daily operations [7][54][76]. Group 5: Duration and Transfer Restrictions - The effective duration of the employee stock ownership plan is set for five years (60 months) [8][55]. - During the plan's duration, participants cannot transfer, pledge, or use their shares for debt repayment [9][30]. Group 6: Next Steps - The plan has been approved by the board of directors but requires shareholder approval at a forthcoming meeting to be officially implemented [10][60][79].