Full of confidence in the future development Hengli Petrochemical Co.Ltd(600346) plans to launch an employee stock ownership plan of 7.38 billion yuan

On the evening of March 3, Hengli Petrochemical Co.Ltd(600346) disclosed the announcement of the sixth phase of the employee stock ownership plan of the listed company, and announced the plan of the company’s controlling shareholders and employees of their affiliated subsidiaries to purchase the company’s shares at the same time. According to the disclosed draft plan, Hengli Petrochemical Co.Ltd(600346) the purchase ceiling of the employee stock ownership plan is no more than 7.38 billion yuan, and the purchase ceiling of the company’s shares by the controlling shareholders and relevant employees of their subordinate enterprises is no more than 2.48 billion yuan. The employee stock ownership plan with a scale of nearly 10 billion yuan has also attracted extensive attention in the market.

This Hengli ESOP covers a wide range, ranging from the company’s senior executives to ordinary employees who have worked in the company for more than one year (inclusive), which can effectively mobilize the work enthusiasm and creativity of the managers and core backbone personnel of the listed company, and realize the common concern of shareholders, management and all employees for the long-term development of the company, Make the realization of employee value closely integrate and promote each other with the stable growth of the enterprise, inject internal vitality and power into the company, and ensure the long-term, healthy and sustainable development of the company.

It is reported that Hengli Petrochemical Co.Ltd(600346) implementing this 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. In the next three years, listed companies will start construction with a new investment of 30 billion yuan, including 800000 tons of functional polyester film and functional plastic 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 matching projects and 1.6 billion flat lithium diaphragm projects. At the beginning of this year, The company’s additional investment and construction includes two heavy projects with an annual output of 1.6 million tons of high-performance resin and new materials and a total of 24 billion yuan of 2.6 million tons of high-performance polyester. With the commissioning of Hengli Petrochemical Co.Ltd(600346) projects under construction, the company will continue to contribute to the increment of performance. The company will show high growth and accelerate its growth into a world-class platform type R & D and manufacturing enterprise of new chemical materials.

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