Securities abbreviation: Yuan Longping High-Tech Agriculture Co.Ltd(000998) securities code: 000998 Yuan Longping High-Tech Agriculture Co.Ltd(000998)
Long term service plan outline
Yuan Longping High-Tech Agriculture Co.Ltd(000998)
February, 2002
statement
1、 The company and all directors and supervisors guarantee that there are no false records, misleading statements or major omissions in the outline of the plan, and bear individual and joint legal liabilities for its authenticity, accuracy and completeness.
2、 The outline of the plan is voluntary information disclosure, and the forward-looking statements such as the company’s future development plan involved in it do not constitute the company’s substantive commitment to investors. In view of the changing market environment, the company has the possibility to adjust the outline of this plan according to the actual situation and development needs. Please pay attention to the investment risks.
catalogue
Declare that 1 catalog Chapter 1 interpretation Chapter II purpose and principles of the plan 4 chapter III participants of the plan Chapter IV Implementation arrangement of the plan Chapter V survival, change and termination of the plan Chapter VI management organization and responsibilities of the plan 9 Chapter VII Supplementary Provisions ten
Chapter I interpretation
Unless otherwise specified, the following words have the following meanings in this article: Yuan Longping High-Tech Agriculture Co.Ltd(000998) . The company refers to Yuan Longping High-Tech Agriculture Co.Ltd(000998) company and company
This plan refers to the outline of Yuan Longping High-Tech Agriculture Co.Ltd(000998) long term service plan
Participants refer to the personnel participating in the plan
Company Law refers to the company law of the people’s Republic of China
Securities Law refers to the securities law of the people’s Republic of China
The Administrative Measures refer to the administrative measures for equity incentive of listed companies
The guiding opinions refer to the guiding opinions on the pilot implementation of ESOP by listed companies
The articles of association refers to the Yuan Longping High-Tech Agriculture Co.Ltd(000998) articles of association
CSRC refers to the China Securities Regulatory Commission
Stock exchange refers to Shenzhen Stock Exchange
Yuan and 10000 yuan refer to RMB yuan and 10000 yuan
Chapter II purpose and principles of the plan
1、 Purpose of this plan
With the deployment of a series of key tasks such as the national “action plan for the revitalization of seed industry”, the seed industry has entered a policy dividend period, and the new technology cycle of seed industry represented by biotechnology is also coming. Following the promulgation of the seed law in 2000 and the national development No. 8 document in 2011, the development of China’s seed industry has ushered in the third policy opportunity period. In the context of the revitalization of seed industry, as a leading agricultural industrialization enterprise developing, producing and selling crop seeds, since its establishment, the company has always taken the industrialization of modern seed industry as the development direction, actively participated in the construction of modern agriculture, and has formed a good development foundation and competitive advantage in the protection of germplasm resources, breeding technology and seed industry industrialization.
During the “14th five year plan” period, more seed industry development support policies will be issued. Meanwhile, the company is also increasing the introduction of breeding resources, expanding the conservation scale of breeding resources, accelerating the breakthrough of cutting-edge technologies such as genome-wide selection and gene editing, building a full chain and full factor commercial breeding system, and striving to enter the top five of the global seed industry in 2025 and the top three in the world in 2035.
As the backbone of the company’s strategy and development, we need to establish and maintain a strong talent team to achieve the above-mentioned strategic objectives and grow steadily. Therefore, the company has formulated the outline of Yuan Longping High-Tech Agriculture Co.Ltd(000998) long term service plan in combination with the actual situation to encourage core talents to take root and serve the company for a long time and realize value creation and benefit sharing in the process of common growth with the company. In addition, take the medium and long-term development of the company as an opportunity to actively explore and realize the following development modes:
(I) adhere to the value creation oriented and improve the strategic value distribution system. On the one hand, fully mobilize the enthusiasm, initiative and creativity of the company’s employees; on the other hand, better attract outstanding talents in the industry, reserve core human resources for sustainable development, and promote the long-term and stable development of the company.
(II) improve the corporate governance structure, cultivate incentive culture, establish and improve the benefit sharing mechanism of the company, employees and shareholders, strengthen the common vision, effectively promote the transformation of the company’s “manager” to “partner”, promote the change of core employees’ working thinking from task execution to value creation, and improve cohesion.
(III) further improve the company’s internal salary system, actively respond to and participate in the increasingly fierce talent competition, improve the market competitiveness of the company’s salary level, help the orderly construction of the company’s talent echelon, and make the company’s talents always maintain the driving force of value creation in the process of growth.
2、 Principles followed in this plan
(I) long term service: adhere to the direction of marketization, actively build a long-term incentive mechanism, advocate and encourage employees’ long-term service, and promote the realization of the company’s medium and long-term strategic objectives.
(II) value orientation: adhere to the principle of “key incentive and effective incentive”, determine the return by contribution, favor the “minority” of excellent performers and strivers, reasonably reflect differentiated incentive, and create an entrepreneurial atmosphere of competition and catch-up.
(III) equal rights and responsibilities: according to the principle of the unity of rights, responsibilities and interests, a risk and benefit restraint mechanism shall be established around the classification of different value creation subjects.
(IV) voluntary participation: the plan follows the principle of independent decision of the company and voluntary participation of employees. The company will not force employees to participate in the plan in any way.
(V) legal compliance: the implementation of this plan will strictly comply with the requirements of corporate governance and supervision, and fulfill the obligation of information disclosure in a true, accurate, complete and timely manner.
Chapter III participants of the plan
1、 The plan covers employees of the company and its subordinate branches and subsidiaries (excluding joint-stock companies) who meet the participation standards. The participants determined in the plan must work in the company or its subordinate branches and subsidiaries (excluding joint-stock companies) and sign labor contracts or employment agreements. The participants of the plan shall be core talents who have made certain contributions to the company’s business performance and future development, including but not limited to core management personnel and core technology (business) backbone. The specific participants shall be determined in combination with the specific implementation of the plan and the actual needs of the company, and must meet the participation qualifications specified in relevant laws, regulations or normative documents.
2、 During the duration of the plan, any of the following circumstances shall not become a participant in the plan. If it has participated in the specific implementation plan under the plan, the corresponding participation qualification shall be cancelled:
(I) voluntarily resign or leave the company without authorization, or unilaterally terminate or terminate the labor relationship or employment relationship with the company or its subordinate branches and subsidiaries;
(II) failing to renew the labor contract or employment agreement with the company or its subordinate branches and subsidiaries after the expiration of the labor contract or employment agreement;
(III) the company or its subsidiaries and subsidiaries terminate or terminate the labor relationship or employment relationship with them due to violation of laws, violation of professional ethics, disclosure of secrets, dereliction of duty or dereliction of duty, bribery or bribery and other acts that damage the interests or reputation of the company or its subsidiaries and subsidiaries;
(IV) damage to the interests or reputation of the company or its subsidiaries due to major faults;
(V) those who have been identified as inappropriate candidates by the stock exchange in the past three years;
(VI) those who have been identified as inappropriate candidates by the CSRC and its dispatched offices in the past three years;
(VII) being administratively punished by the CSRC and its dispatched offices or taking market entry prohibition measures for major violations of laws and regulations in the past three years;
(VIII) other circumstances stipulated in relevant laws, regulations or normative documents that cannot become participants in the plan.
Chapter IV Implementation arrangement of the plan
1、 During the duration of the plan, the company will formulate and announce the specific implementation plan at an appropriate time based on the business situation, market conditions and other factors, including but not limited to the adoption of employee stock ownership plan, equity incentive plan, incentive fund plan and other ways to carry out incentive work.
2、 During the duration of the plan, if the company plans to implement the equity incentive plan or employee stock ownership plan, it shall formulate specific plans according to the management measures, guiding opinions and other relevant provisions, combined with the actual situation of the company and implement them according to law. Among them, the stock source is the A-share common stock publicly issued by the company in Shenzhen Stock Exchange, including but not limited to the company’s private placement of shares to incentive objects, the company’s repurchase of shares from the secondary market and other methods permitted by laws and administrative regulations; The source of funds is the funds obtained by the participants in other ways permitted by laws and regulations, such as legal salary and self raised funds. The company shall not provide loans and other forms of financial assistance for the incentive objects to obtain relevant rights and interests according to the equity incentive plan, including providing guarantee for their loans; The total amount of underlying shares involved in all equity incentive plans or employee stock ownership plans of the company within the validity period shall not exceed 10.00% of the total share capital of the company. Without the approval of the special resolution of the general meeting of shareholders, the cumulative shares of the company granted by the participants through all the equity incentive plans or employee stock ownership plans within the validity period shall not exceed 1.00% of the total share capital of the company.
3、 During the duration of the plan, if the company plans to implement the incentive fund plan, the formulation of the specific plan shall clearly include but not limited to the withdrawal and distribution rules of the incentive fund, the decision-making and management of the incentive fund, etc.
4、 During the duration of the plan, if the company intends to adopt other ways to carry out incentives, it shall formulate specific plans in combination with the effective policy requirements at that time and implement them according to law.
Chapter V survival, change and termination of the plan
1、 The duration of the plan is ten years from the date of deliberation and approval by the general meeting of shareholders. After the expiration of the duration, it can be extended by the resolution of the board of directors. If it is not effectively extended, the plan will terminate automatically.
2、 In case of change of control, merger and division of the company, the plan will not be changed and will continue to be implemented, except for the change or termination of the plan by relevant resolutions at that time.
3、 During the duration of the plan, the implementation of the plan can be changed or terminated by the resolution of the board of directors on the premise of not violating relevant policies and requirements.
Chapter VI management organization of the plan
1、 As the highest authority of the plan, the general meeting of shareholders is responsible for reviewing and approving the plan and other matters involved in the specific implementation of the plan that need to be considered by the general meeting of shareholders. The general meeting of shareholders may reasonably authorize the board of directors to be responsible for the specific implementation of the plan within its authority.
2、 As the executive management organization of the plan, the board of directors is responsible for reviewing the plan. The board of directors can be responsible for the specific implementation of the plan within the scope authorized by the general meeting of shareholders. Except for the matters clearly required to be adopted by the resolution of the board of directors, the board of directors of the company authorizes the management of the company to exercise directly on behalf of the board of directors. 3、 As the supervision organization of the plan, the independent directors and the board of supervisors shall supervise whether the implementation of the plan complies with the relevant provisions of the securities law and other laws, regulations, normative documents and the articles of association, and express their opinions on whether the plan is conducive to the sustainable development of the company and whether there is any situation that obviously damages the interests of the company and all shareholders.
4、 The management is responsible for formulating the plan, and formulating the specific implementation plan of the plan according to the operation and development needs of the company, and reporting it to the board of directors for review.
Chapter VII supplementary provisions
1、 Being a participant in this plan does not mean that you have the right to continue to provide services in the company and its subordinate branches and subsidiaries, nor does it constitute the commitment of the company and its subordinate branches and subsidiaries to the labor term or employment term of the participant The labor relationship or employment relationship between the subsidiary and the participants shall still be implemented in accordance with the signed labor contract or employment agreement.
2、 The plan will come into force after being deliberated and approved by the general meeting of shareholders of the company.
3、 The board of directors of the company is responsible for the interpretation of the plan.
4、 The specific implementation of the plan will fulfill the necessary decision-making procedures and information disclosure obligations in accordance with the provisions. 5、 The financial affairs, accounting treatment, taxation and other matters involved in the specific implementation of the plan shall be implemented in accordance with the provisions of relevant financial systems, accounting standards and tax systems.
Yuan Longping High-Tech Agriculture Co.Ltd(000998) board of directors February 15, 2002
