On February 14, Yuan Longping High-Tech Agriculture Co.Ltd(000998) (000998) announced that it planned to launch the first phase of employee stock ownership plan. The plan will transfer the shares repurchased in the company's special account for repurchase at the price of 10.01 yuan / share, with a total of no more than 23001500 shares. The total number of participants shall not exceed 800, and the total fund-raising shall not exceed 300 million yuan. The company said that the plan aims to establish and improve the benefit sharing mechanism of the company, employees and shareholders, effectively promote the transformation of the company's "manager" to "partner", and strive to achieve the strategic goal of becoming one of the top five global seed enterprises by 2025.
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