The announcement outlines TCL Technology's 2026 Medium to Long-term Employee Stock Ownership Plan, aimed at enhancing corporate governance and employee engagement. The plan allows for a maximum funding of 920 million RMB, with stock purchases sourced from repurchased shares. It establishes performance criteria linked to company and individual metrics, with a total stock limit of 10% of the company's equity for all plans combined. The plan is set to last for 20 years, subject to shareholder approval.
Summary generated by AI · Always verify with source document
The company and all members of the board guarantee that the content of this stock ownership plan is true, accurate, and complete, with no false records, misleading statements, or significant omissions. Special reminder: The terminology in this section is consistent with the "Definitions" section.
Sign in to read the full translation
Free accounts get 10 full releases per month. Pro subscribers get unlimited access.