Administrative measures for the assessment of the implementation of the restricted stock incentive plan in 2020
Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083)
Administrative measures for the assessment of the implementation of the restricted stock incentive plan in 2020
Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) (hereinafter referred to as "company" or "listed company") ）In order to further establish and improve the company's long-term incentive and restraint mechanism, attract and retain the core backbone, improve the cohesion of the core team and the core competitiveness of the enterprise, effectively combine the interests of shareholders, the company and the core team, ensure the realization of the company's development strategy and business objectives, combined with the company's future development plan, on the premise of fully protecting the interests of shareholders, In accordance with the principle of equal income and contribution, the company has formulated the 2020 restricted stock incentive plan (Draft) (hereinafter referred to as the "incentive plan").
In order to ensure the smooth implementation of the company's incentive plan, in accordance with the company law, securities law, Shenzhen Stock Exchange GEM Listing Rules, measures for the administration of equity incentive of listed companies, No. 5 guide for business handling of GEM listed companies - share incentive and other relevant laws and regulations, normative documents and the articles of association, These measures are hereby formulated in combination with the actual situation of the company.
Article 1 assessment purpose
The purpose of formulating the measures is to strengthen the planning of the implementation of the incentive plan, quantify the specific objectives set in the incentive plan, promote the scientific, standardized and institutionalized assessment management of incentive objects, and ensure the realization of various performance indicators of the incentive plan; While guiding the incentive object to improve work performance, objectively and fairly evaluate the performance and contribution of employees, so as to provide objective and comprehensive evaluation basis for the implementation of this incentive plan. Article 2 assessment principle
(i) Adhere to the principles of fairness, impartiality and openness, and evaluate the incentive objects in strict accordance with these measures; （2） The assessment indicators shall be combined with the company's medium and long-term development strategy and annual business objectives; and with the work performance, work ability and work attitude of the incentive objects.
Article 3 scope of assessment
The measures are applicable to all incentive objects determined in the incentive plan. Including some directors, senior managers, core technical (business) personnel and employees in key positions who meet the qualifications of the company (including holding subsidiaries) when the company announces the incentive plan. All incentive objects must sign labor contracts or employment contracts with the company or subsidiaries within the assessment period of the incentive plan.
Administrative measures for the assessment of the implementation of the restricted stock incentive plan in 2020
Article 4 assessment organization and executive organization
(i) The remuneration and assessment committee of the board of directors is responsible for the organization and implementation of the incentive plan;
（2） The human resources department of the company shall form an assessment team to take charge of the specific assessment work, and the human resources department shall be responsible for reporting to the salary and assessment committee;
（3） The human resources department and other relevant departments of the company are responsible for the collection and provision of relevant assessment data, and are responsible for the authenticity and reliability of the data. The internal audit department of the company is responsible for supervision;
（4） The board of directors of the company is responsible for reviewing the assessment results.
Article 5 performance appraisal indicators and standards
Whether the rights and interests granted to the incentive object can be attributed will be jointly determined according to the assessment results of the company and the incentive object.
(i) Performance assessment requirements at the company level:
The assessment year of the incentive plan is three fiscal years from 2020 to 2022, one assessment in each fiscal year. The assessment subjects are listed companies and Shenzhen Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) Machinery Co., Ltd. (hereinafter referred to as "Shenzhen Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) ") engaged in high-end intelligent equipment business and its subordinate enterprises. The annual performance assessment objectives of restricted stocks granted are shown in the table below:
Ownership arrangement and assessment requirements
In the first vesting period, the operating revenue of listed companies and Shenzhen Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) (consolidated financial statements) in 2020 shall not be less than 2.8 billion yuan
In the second vesting period, the operating revenue of listed companies and Shenzhen Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) (consolidated financial statements) in 2021 shall not be less than 3.8 billion yuan, or the cumulative operating revenue in 2020-2021 shall not be less than 6.6 billion yuan
In the third vesting period, the operating revenue of listed companies and Shenzhen Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) (consolidated financial statements) in 2022 shall not be less than 5.1 billion yuan, or the cumulative operating revenue in the three years from 2020 to 2022 shall not be less than 11.7 billion yuan
Note: 1. The incentive cost generated by this incentive plan will be disbursed in the management expenses;
2. The above performance assessment objectives do not constitute the company's performance prediction and substantive commitment to investors.
During the vesting period, the company shall handle the stock vesting registration for the incentive objects that meet the vesting conditions. If the current performance level of the company fails to meet the performance assessment target conditions in each vesting period, all the restricted shares that can be attributed to all incentive objects in the corresponding assessment year shall be cancelled and invalid.
（2） Performance appraisal requirements at the individual level of incentive objects:
The individual level assessment of the incentive object shall be organized and implemented in accordance with the relevant provisions of the company's current salary and assessment. The ownership proportion (n) at the individual level shall be determined according to the assessment results in the following table:
The performance appraisal results are excellent, good, qualified and unqualified
Administrative measures for the assessment of the implementation of the restricted stock incentive plan in 2020
Personal ownership ratio (n) 100% 100% 60% 0%
On the premise of the achievement of the company's performance objectives, the number of restricted shares actually owned by the incentive object in the current year = the number planned to be owned by the individual in the current year × Ownership ratio at the individual level. If the restricted shares that the incentive object plans to belong to in the current period cannot be attributed or cannot be fully attributed due to assessment reasons, they shall be invalid and shall not be deferred to the next year.
Article 6 assessment procedures
Under the guidance of the remuneration and appraisal committee, the human resources department of the company is responsible for the specific appraisal work, saves the appraisal results, forms a performance appraisal report on this basis, and submits it to the remuneration and appraisal committee, and the board of directors is responsible for reviewing the appraisal results.
Article 7 assessment period and times
The assessment year of the incentive plan is three fiscal years from 2020 to 2022, and the performance assessment at the company level and individual level is assessed once a year.
Article 8 management of assessment results
(i) Feedback and application of assessment results
1. The appraisee has the right to know his own appraisal results. The employee's direct supervisor shall notify the appraisee of the appraisal results within 5 working days after the appraisal.
2. If the appraisee has any objection to his / her appraisal results, he / she can communicate with the human resources department for settlement. If it cannot be solved through communication, the assessed object can appeal to the salary and assessment committee, which shall review and determine the final assessment result or grade within 10 working days.
3. The assessment results shall be used as the basis for the ownership of restricted stocks.
（2） Filing of assessment records
1. After the assessment, the human resources department shall keep all assessment records of performance assessment. The assessment results shall be kept as confidential information.
2. In order to ensure the effectiveness of the performance record, no alteration is allowed on the performance record. If it is to be modified or re recorded, it must be signed by the party concerned.
3. The retention period of performance appraisal records is 5 years. The documents and records beyond the retention period shall be uniformly destroyed by the human resources department after being approved by the salary and assessment committee.
Administrative measures for the assessment of the implementation of the restricted stock incentive plan in 2020
Article 9 supplementary provisions
(i) These Measures shall be formulated, interpreted and revised by the board of directors.
（2） If the relevant provisions in these measures conflict with the relevant national laws, administrative regulations, normative documents and the draft of this incentive plan, they shall be implemented in accordance with the relevant national laws, administrative regulations, normative documents and the draft of this incentive plan. If there are no explicit provisions in these measures, they shall be implemented in accordance with the relevant national laws, administrative regulations, normative documents and this incentive plan Plan execution.
（3） The measures shall be implemented from the date of deliberation and adoption by the general meeting of shareholders and after the incentive plan takes effect.
Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) board of directors December 24, 2021
