SANY Group ("SANY") has announced the 2023 employee stock ownership plan (ESOP). This is the fourth consecutive year that SANY has launched the ESOP, which gives employees an opportunity to own shares in the company through the setting up of incentive funds. The 2023 ESOP has set up a fund size of around 590 million yuan (USD 82 million) with a share repurchase price planned at 16.13 yuan per share (USD 2.24). The capital will be from the incentive funds accrued following relevant provisions of the group.
SANY has always focused on improving employee benefits and adhering to the principle of "growing together, pursuing common development, and sharing achievements." By establishing a comprehensive incentive and restraining mechanism, it aims to inspire employees' enthusiasm and creativity and align the interests of shareholders, the listed company, and individuals. This encourages all parties to join efforts to boost SANY's long-term development.
SANY's annual ESOP aims to share the fruits of the group's achievements with employees. The number of employees awarded with stock ownership incentives is growing annually, and the proportion of mid-level and key position employees is increasing year by year:
- 2020: SANY awarded 8.31 million shares to 2,264 employees, 71.52 percent were employees in mid-level management, key positions, and core business (technical) positions.
- 2021: SANY awarded 7.54 million shares to 4,205 employees, 91.33 percent were employees in mid-level management, key positions, and core business (technical) positions.
- 2022: SANY awarded 20.5 million shares to 6,996 employees, 94.26 percent were employees in mid-level management, key positions, and core business (technical) positions.
- 2023: SANY is awarding 36.62 million shares to 7,131 employees, 95.69 percent were employees in mid-level management, key positions, and core business (technical) positions.
The source of shares for the 2023 ESOP is the shares that have already been repurchased by SANY's special account. It does not exceed 36.62 million shares in total and is within one percent of SANY's current total capital stock.
In the meantime, SANY Renewable Energy (SH688349) released an announcement relating to exercising of the second exercise period of the 2020 stock option incentive plan, with 16.0368 million granted options to be exercised, with a three-year restricted period. The subsidiary is committed to becoming a global leader of clean energy equipment and services, and contributing to reaching the goals of carbon peaking and carbon neutrality.
Caption - Embrace the World, Inspire Potential
Bangchak Reaffirms Strong Financial Position with A+ TRIS Credit Rating for Second Consecutive Year
TRIS Rating Affirms "A+" Credit Rating for Bangchak Sriracha for Second Consecutive Year, Reinforcing Its Leadership in Thailand's Energy Sector
Power Buy under Central Retail Opens Its First Store in Krabi at Central Krabi Launching "Total Technology Hub" to Capture Southern Market Growth
PTTEP wins top honor for HR tech advancement at HR Excellence Awards Thailand 2025
Bangchak Announces Tender Offer for BSRC Securities at 6.50 BSRC Shares per 1 Newly Issued BCP Share, with the Tender Offer Period from 24 October to 27 November 2025
Mazda Announces Exhibition at JAPAN MOBILITY SHOW 2025 Exhibition Theme: "The joy of driving fuels a sustainable tomorrow"
KKP Asset Management Joins the UN-Supported Principles for Responsible Investment (PRI)
CP AXTRA Receives "The Best Sustaining Partner Award 2025" at the SOS Thailand Awards 2025
PTT is the First Company in Southeast Asia to Participate in J.P. Morgan's Investment Program Supporting Advanced Technologies for Cleaning up Plastic Waste in the River.