Shanghai Junshi Biosciences Co., Ltd. (Junshi Bio) announced that its Board of Directors has resolved to terminate the 2026 A-Share Employee Stock Ownership Scheme (ESOP) with immediate effect. The decision covers the cancellation of the ESOP itself, its administrative measures and all ancillary documents that had been adopted on 27 April 2026.
According to the company, the termination aims to better safeguard the interests of the company, its shareholders and its employees. Junshi Bio stated that the move is fully compliant with the “Guidance Opinions on the Pilot Implementation of Employee Stock Ownership Plan by Listed Companies” and the Shanghai Stock Exchange’s STAR Market self-regulation guidelines.
Management emphasized that ending the 2026 ESOP will not affect the company’s development strategy, business plans, financial position or operating results. The board further noted that no circumstances detrimental to shareholders’ interests have arisen from this decision.
Looking ahead, Junshi Bio plans to continue refining its long-term incentive mechanisms in line with regulatory requirements, market conditions and the company’s operational needs to support sustainable growth.
The resolution was approved by the Board on 26 August 2026 under the chairmanship of Mr. Xiong Jun.