Hengli Petrochemical Co.Ltd(600346) : the sixth phase of employee stock ownership plan and the purchase of shares by controlling shareholders and employees of their affiliated subsidiaries amounted to nearly 10 billion yuan

Hengli Petrochemical Co.Ltd(600346) ( Hengli Petrochemical Co.Ltd(600346) ) disclosed the sixth employee stock ownership plan and the plan of the company’s controlling shareholders and employees of their affiliated subsidiaries to purchase the company’s shares on the evening of March 3. According to the contents of the draft plan, Hengli Petrochemical Co.Ltd(600346) the upper limit of the purchase scale of the employee stock ownership plan is 7.38 billion yuan, and the upper limit of the purchase scale of the company’s shares by the company’s controlling shareholders and relevant employees of their subordinate enterprises is 2.48 billion yuan. The purchase scale of the above two plans is nearly 10 billion yuan.

Hengli Petrochemical Co.Ltd(600346) said that the implementation of the large-scale and wide-ranging ESOP is mainly based on the firm confidence of the company’s management and all employees in the company’s future development prospects and the full recognition of the company’s long-term growth value.

It is worth noting that Hengli Petrochemical Co.Ltd(600346) this ESOP covers a wide range, ranging from senior executives to ordinary employees who have worked in the company for more than 1 year (inclusive), so as to fully mobilize the work enthusiasm and creativity of managers and core backbone personnel of listed companies and form shareholders The management, employees and other parties pay close attention to the good atmosphere for the long-term development of the company, closely integrate and promote the realization of employee value with the stable growth of the enterprise, improve the internal driving force and vitality of the development of the company, and ensure the long-term and sustainable development of the company.

At present, Hengli Petrochemical Co.Ltd(600346) is taking advantage of the complete raw material resources and system coupling advantages produced by the upstream unique “oil, coal and chemical” integration platform, aiming at the strategic growth opportunity of the cross development of China’s “new consumption” and “hard technology”, and constantly growing, refining and deepening the downstream chemical new material business segment of the company.

Previously, Hengli Petrochemical Co.Ltd(600346) invested 30 billion yuan to build 800000 tons of functional polyester film and functional plastics projects, 450000 tons of PBS biodegradable plastics projects, 1.5 million tons / year green multi-functional textile new materials projects, 300000 tons of adipic acid chemical new materials supporting projects and 1.6 billion square meters of lithium diaphragm projects.

At the beginning of this year, Hengli Petrochemical Co.Ltd(600346) invested another 24 billion yuan to build two heavy projects, including the project of high-performance resin and new materials with an annual output of 1.6 million tons and the project of high-performance polyester with an annual output of 2.6 million tons, so as to continue to expand the territory of the industrial chain of new chemical materials in the downstream.

Relevant industry insiders said that Hengli Petrochemical Co.Ltd(600346) projects under construction will be put into operation successively in the future, which will continue to contribute to the performance increment, help the company build a “second growth curve” with new chemical materials as the new axis, further improve the growth, and promote the company to accelerate its growth into a first-class platform R & D and manufacturing enterprise of new chemical materials.

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