Zhuhai Cosmx Battery Co.Ltd(688772)
Administrative measures for the assessment of phase I restricted stock incentive plan
Zhuhai Cosmx Battery Co.Ltd(688772) (hereinafter referred to as “the company”) formulates and plans to implement the first phase of restricted stock incentive plan (hereinafter referred to as “the incentive plan”) in accordance with the principle of equal income and contribution in order to improve the internal long-term incentive and restraint mechanism, attract and retain talents, fully mobilize employees’ work enthusiasm and creativity, and achieve sustainable and healthy development.
In order to ensure the smooth implementation of the incentive plan, the company, in accordance with the company law, the securities law, the measures for the administration of equity incentive of listed companies, the Listing Rules of the science and Innovation Board of Shanghai Stock Exchange, the business guide for information disclosure of companies listed on the science and Innovation Board No. 4 – disclosure of equity incentive information, and the Zhuhai Cosmx Battery Co.Ltd(688772) articles of association According to the relevant provisions of Zhuhai Cosmx Battery Co.Ltd(688772) phase I restricted stock incentive plan (Draft) and its abstract, and in combination with the actual situation, the measures for the administration of the assessment of Zhuhai Cosmx Battery Co.Ltd(688772) phase I restricted stock incentive plan (hereinafter referred to as the “measures”) are formulated. I. assessment purpose
Establish and improve the incentive and restraint mechanism to ensure the smooth implementation of the incentive plan and promote the realization of the company’s development strategy and business objectives.
2、 Assessment principle
The assessment and evaluation work shall be carried out in strict accordance with the measures, adhere to the principles of fairness, openness and fairness, and improve the tightness of the assessment system of the incentive plan linked to the work performance of the incentive object, so as to achieve good incentive and restraint effects.
3、 Assessment object
The measures are applicable to the incentive objects determined in the incentive plan, including the company’s directors, senior managers, core technicians (excluding independent directors and supervisors) and other personnel deemed necessary by the company’s board of directors.
4、 Assessment organization
The assessment and evaluation of incentive objects shall be led and organized by the remuneration and assessment committee of the board of directors of the company, and the board of directors of the company shall be responsible for the review of the final assessment results.
5、 Assessment criteria
(i) Company level performance appraisal
The appraisal year corresponding to the ownership of restricted shares granted for the first time in the incentive plan is three fiscal years from 2022 to 2024, and the appraisal is conducted once in each fiscal year. The performance assessment objectives at the company level are shown in the table below:
Ownership arrangement and assessment objectives
In the first vesting period, the value of operating revenue in 2022 shall not be less than 12 billion yuan
The accumulated operating income of the second attribution period from 2022 to 2023 shall not be less than 26 billion yuan
In the third vesting period from 2022 to 2024, the cumulative operating income value shall not be less than 42 billion yuan
If the restricted shares reserved for grant in the incentive plan are granted in 2022, the performance assessment objectives of the assessment year and the company level corresponding to the ownership of the restricted shares reserved for grant are consistent with the performance assessment objectives of the assessment year and the company level corresponding to the ownership of the restricted shares granted for the first time.
If the restricted shares reserved for grant in the incentive plan are granted in 2023, the corresponding assessment year for the ownership of the restricted shares reserved for grant is two fiscal years from 2023 to 2024, and the assessment is conducted once in each fiscal year. The performance assessment objectives at the company level are shown in the table below:
Ownership arrangement and assessment objectives
In the first vesting period, the value of operating revenue in 2023 shall not be less than 14 billion yuan
The cumulative operating income of the second attribution period from 2023 to 2024 shall not be less than 30 billion yuan
Note: 1. The above “operating income” indicators are the financial data of the consolidated statements;
2. The above performance assessment objectives do not constitute the company’s performance prediction and substantive commitment to investors.
If the company fails to meet the above performance assessment objectives, within the corresponding attribution period, the restricted shares to which the incentive object plans to belong in the current period shall not be attributed and shall be invalid.
（2） Individual level performance appraisal
The performance appraisal of the incentive object is organized and implemented in accordance with the current system of the company. The quarterly performance appraisal results of the incentive object are divided into four levels: A, B, C and D. if the performance appraisal results of any quarter in the appraisal year are a or B, all the restricted stocks to which the incentive object plans to belong in the current period can be attributed within the corresponding attribution period; If the performance appraisal result of any quarter in the appraisal year is C or D, within the corresponding attribution period, the restricted shares to which the incentive object plans to belong in the current period shall not be attributed, shall be invalid and shall not be deferred.
6、 Assessment result management
The incentive object has the right to know the individual’s annual performance appraisal results, and the remuneration and appraisal committee of the board of directors of the company shall notify the incentive object of the appraisal results within 5 working days after the completion of the appraisal. If the incentive object has any objection to the assessment results, it can appeal to the remuneration and assessment committee of the board of directors of the company. The remuneration and assessment committee of the board of directors of the company shall carry out review within 10 working days from the date of receiving the incentive object’s appeal and determine the final assessment results. During each vesting period, the company shall handle the vesting / invalidation of restricted shares according to the performance evaluation of incentive objects. After the assessment, the assessment records shall be kept by the company.
7、 Supplementary Provisions
(i) The measures shall be interpreted by the board of directors of the company. Relevant provisions in these measures, such as relevant national laws, administrative regulations, normative documents In case of conflict with this incentive plan (Draft), it shall be implemented in accordance with relevant national laws, administrative regulations, normative documents and this incentive plan (Draft). If it is not explicitly stipulated in these measures, it shall be implemented in accordance with relevant national laws, administrative regulations, normative documents and this incentive plan (Draft).
（2） These measures have been deliberated and adopted by the general meeting of shareholders of the company and will come into force after the formal implementation of the incentive plan. Zhuhai Cosmx Battery Co.Ltd(688772) board of directors December 24, 2021
