Yuntu Holdings received a letter of concern: asking to explain whether the employee stock ownership plan is a disguised equity incentive plan

36Kr was informed that Yuntu Holdings received a letter of concern from the Shenzhen Stock Exchange, asking it to explain whether the employee stock ownership plan is a disguised equity incentive plan, and explain the basis for determining the price of the repurchased shares under the employee stock ownership plan and its reasonableness. Previously, the company disclosed the "Third Phase of the Employee Stock Ownership Plan (Draft)", the participants of the employee stock ownership plan intend to purchase the company's repurchased shares at 7.495 yuan per share, the purchase price is 50% of the closing price of the shares on the day of the board of directors, and the participants include supervisors, core management backbones and technical backbones.