[Changxin Technology Provides Explanation on Employee Incentive Allocation Details] Odaily Planet Daily News - On July 15, the online investor exchange meeting for Changxin Technology's STAR Market listing was held. An investor inquired about the arrangements for Changxin Technology's employee stock ownership plan. Yuan Yuan, Vice President and Board Secretary of Changxin Technology, stated that the company has implemented two phases of the employee stock ownership plan. The first phase was granted at a price of 1.05 yuan per registered capital, with a total of 3,596 grants; the second phase was granted at a price of 0.108 yuan per registered capital, with a total of 3,164 grants. By implementing the employee stock ownership plan, the company has established and improved a long-term incentive and restraint mechanism, fully motivating the enthusiasm of the company's R&D and core management personnel. This is conducive to balancing the long-term interests of employees and the company and has a positive impact on the company's future financial condition and operating results. (Shanghai Securities News)