Muyuan Foods Co.Ltd(002714) announce the equity incentive plan, and the growth rate of pig sales in 2022 shall not be less than 25%

Muyuan Foods Co.Ltd(002714) issued the 2022 restricted stock incentive plan (Draft), which plans to grant 81.807 million restricted shares, accounting for 1.54% of the total share capital of the company. The grant price is 30.52 yuan / share. Performance assessment objectives of each year: Based on the sales volume of pigs in 2021, the growth rate of sales volume of pigs in 2022 shall not be less than 25%; Based on the pig sales volume in 2021, the growth rate of pig sales volume in 2023 shall not be less than 40%.

The total number of incentive objects granted by the incentive plan is 6093, including directors, senior managers, core managers, core technicians, core business personnel and other personnel deemed necessary by the board of directors of the company when the company announces the incentive plan.

The announcement shows that the performance index system at the company level is the growth rate of pig sales, and the growth rate of pig sales is an index reflecting the company’s operating conditions. Based on the comprehensive consideration of the macroeconomic environment, historical performance, industry development, market competition and the company’s future development plan and other relevant factors, the performance evaluation index of the restricted stock incentive plan is set as: the growth rate of pig sales.

According to the financial report, Muyuan Foods Co.Ltd(002714) third quarter revenue was 14.744 billion yuan, a year-on-year decrease of 18.68%; The net profit loss in the third quarter was 822 million yuan, with a profit of 10.2 billion yuan in the same period last year.

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