Aeolus Tire released its Employee Stock Ownership Plans on July 8, which includes two parts, one is first-phase ESOP and the other is middle-term and long term ESOP.
The first ESOP has 200 people involved in, and plans to finance up to 30,667,500 yuan.
The company said the plan would help its labour to co-share its long-term development, and is good for the company to keep its managers staying and attract more people to join in.