Nearly 600 million! Sany has repeatedly launched the employee stock ownership plan!

Recently, Sany Heavy Industry released the 2023 employee stock ownership plan, with a scale of no more than 590 million yuan, and the planned repurchase price of shares is 16.13 yuan per share, and the source of funds is the incentive fund calculated in accordance with the relevant regulations of the company.

This is the fourth consecutive year that Sany Heavy Industry has launched an employee stock ownership plan funded by incentive funds. This move will help to establish and improve the incentive and restraint mechanism, mobilize the enthusiasm and creativity of employees, effectively combine the interests of shareholders, listed companies and personal interests of operators, and enable all parties to pay attention to the long-term development of Sany Heavy Industry.

The source of the shares of the employee stock ownership plan is the shares that have been repurchased in the special account for the repurchase of Sany Heavy Industry, with a total of no more than 36.62 million shares, and the total amount does not exceed 1% of the total current share capital of Sany Heavy Industry, and the participants are directors, supervisors, senior managers, middle managers, key position personnel, and core business (technical) personnel of Sany Heavy Industry.

From 2020 to 2023, Sany has launched the same type of employee stock ownership plan every year to share the fruits of the company's development with the majority of employees. Thereinto:

In 2020, Sany Heavy Industry granted 8.31 million shares to 2,264 people, of which 71.52% was granted to middle managers, key position personnel, and core business (technical) personnel.

In 2021, Sany Heavy Industry granted 7.54 million shares to 4,205 people, of which 91.33% were granted to middle managers, key position personnel, and core business (technical) personnel.

In 2022, Sany Heavy Industry granted 20.5 million shares to 6,996 people, of which 94.26% were granted to middle managers, key position personnel, and core business (technical) personnel.

In 2023, Sany Heavy Industry will grant 36.62 million shares to 7,131 people, of which 95.69% will be granted to middle managers, key position personnel, and core business (technical) personnel.

The number of people granted equity incentives has increased year by year, and the equity ratio of shares obtained by middle and backbone employees has also increased year by year, fully reflecting the concept of "common growth, common development and shared results" of Sany Heavy Industry.

The introduction of the same type of employee stock ownership plan for four consecutive years has greatly stimulated the enthusiasm of employees. Especially this year, Sany Heavy Industry launched the employee stock ownership plan, which added new impetus to the overseas foreign exchange and profit earning of Sany products under the background of economic recovery, greatly stimulated the fighting spirit and ambition of Sany people, and united the hearts of the majority of employees, forming a significant demonstration effect and wealth effect.