Woofun AI reports that ChangXin Technology released its prospectus for the STAR Market listing on July 9, planning to issue 6.688 billion shares to raise 29.5 billion yuan. The company implemented two phases of employee stock ownership plans over four years, granting shares to 6,760 employees, which represents 35% of its total workforce. The first phase in September 2021 covered 3,596 staff at 1.05 yuan per unit, while the second phase in June 2023 offered shares at 0.108 yuan during a period of significant losses. Employee shares are subject to a 10-year distribution period starting 36 months after listing, payable in shares or cash dividends.