Zhejiang Resources (600070): The First Phase Of ESOP Is Extended To January 16, 2021.
According to the regulations of the company on the management of the first phase of the employee stock ownership plan, Zhejiang's 600070.SH announces that the 1 months after the expiration of the ESOP is agreed to by more than 2/3 of the holders of the employee's meeting and submitted to the board of directors for approval. The duration of the ESOP can be terminated or extended in advance.
Based on the confidence in the company's sustainable and stable development and the value of the company's stock, the company intends to extend the first phase of the ESOP extension to January 16, 2021. During the duration (including extended period), the ESOP management committee can consider the market situation comprehensively and choose the stock to sell. The ESOP can be terminated in advance if all the shares held by the ESOP are sold.
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