Wuhan Ligong Guangke Co.Ltd(300557)
The assessment management measures for the implementation of the restricted stock incentive plan in 2021 are to ensure Wuhan Ligong Guangke Co.Ltd(300557) (hereinafter referred to as ” Wuhan Ligong Guangke Co.Ltd(300557) ” or “the company”) ）These measures are formulated in accordance with relevant national regulations and the actual situation of the company to further improve the corporate governance structure, form a good and balanced value distribution system, encourage the core employees of the company to work honestly and diligently, ensure the steady improvement of the company’s performance, and ensure the realization of the company’s development strategy and business objectives in 2021.
1、 Assessment purpose
Further improve the corporate governance structure, establish and improve the company’s incentive and restraint mechanism, ensure the smooth implementation of the equity incentive plan, and give full play to the role of equity incentive to the greatest extent, so as to ensure the realization of the company’s development strategy and business objectives.
2、 Assessment principle
The assessment and evaluation must adhere to the principles of fairness, openness and fairness, and evaluate in strict accordance with these measures and the performance of the assessment objects, so as to realize the close combination of the equity incentive plan with the work performance and contribution of the incentive objects, so as to improve the management performance and maximize the interests of the company and all shareholders.
3、 Assessment scope
The measures are applicable to all incentive objects determined in the incentive plan, including directors, senior managers and core technology / business backbone of the company.
4、 Assessment organization
The remuneration and assessment committee of the board of directors of the company is responsible for leading and organizing the assessment work and assessing the incentive objects.
5、 Performance evaluation indicators and standards
1. Company level performance appraisal
The assessment year for the release of restricted shares granted for the first time and reserved in the incentive plan is three fiscal years from 2022 to 2024, one assessment in each fiscal year, and the performance assessment objectives of each year are as follows:
Performance assessment objectives during the lifting of sales restrictions
Based on 2020, the compound growth rate of net profit in 2022 shall not be less than 45%; The annual weighted average return on net assets in the first period of lifting the restrictions on sales in 2022 shall not be less than 2%, and the above indicators shall not be lower than the average level of the same industry or the 75th percentile value of the benchmarking enterprise; The improvement value of economic added value (△ EVA) in 2022 is positive.
Based on 2020, the compound growth rate of net profit in 2023 shall not be less than 45%; In 2023, the annual weighted average return on net assets in the second period of lifting the restrictions on sales shall not be less than 3%, and the above indicators shall not be lower than the average level of the same industry or the 75th percentile value of the benchmarking enterprise; The improvement value of economic added value (△ EVA) in 2023 is positive.
Based on 2020, the compound growth rate of net profit in 2024 shall not be less than 45%; The annual weighted average return on net assets in the third lifting period of 2024 shall not be less than 4%, and the above indicators shall not be lower than the average level of the same industry or the 75th percentile value of the benchmarking enterprise; 2024 economic added value improvement value (△ EVA) is positive.
Note: ① the above indicators refer to the data of the consolidated statements of listed companies. The calculation of the above indicators of “net profit” and “weighted average return on net assets” is based on the net profit attributable to the shareholders of the listed company before the amortization of incentive costs after deducting non recurring profits and losses.
② In order to ensure comparability, if the company issues securities to raise funds within the validity period of the incentive plan, the impact of the funds raised by issuing securities on net assets will not be considered when calculating the index completion value of return on net assets and economic value added (EVA). The impact of construction in progress will be excluded when calculating the index completion value of economic value added (EVA).
③ In case of major changes in the main business of the benchmarking enterprise sample or sample values with excessive deviation during the annual assessment, the board of directors of the company will eliminate or replace the sample during the year-end assessment.
2. Individual level performance appraisal
The individual assessment of incentive objects shall be conducted annually according to the management measures for the implementation and assessment of restricted stock incentive plan in Wuhan Ligong Guangke Co.Ltd(300557) 2021 and the assessment methods for various incentive objects issued internally in Wuhan Ligong Guangke Co.Ltd(300557) , and the proportion of lifting the restriction in the current year shall be determined according to the assessment results. The actual amount of lifting the restriction in the current year = the amount of lifting the restriction in the current year × The proportion of individual sales restrictions that can be lifted in the current year. At that time, the proportion of the incentive object to lift the sales restriction shall be determined according to the following table:
Appraisal results ABCD
Weighted score s ≥ 9080 ≤ s ＜ 9060 ≤ s ＜ 80s ＜ 60
100% 80% 50% of the sales restrictions can not be lifted
The restricted shares whose restricted sales cannot be lifted in whole or in part in the current period due to the non-compliance of the performance assessment at the company level or the assessment at the individual level shall not be lifted or deferred to the next period. The company shall repurchase them according to the lower of the grant price and the market price at the time of repurchase.
6、 Assessment period and times
1. Assessment period
The assessment period of this incentive plan is three fiscal years from 2022 to 2024.
2. Assessment times
Once a year during the implementation of this incentive plan.
7、 Assessment procedure
Under the guidance of the remuneration and appraisal committee of the board of directors, 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 of the board of directors. The remuneration and assessment committee of the board of directors shall determine the qualification and quantity of incentive objects for lifting the sales restriction according to the assessment report.
8、 Feedback and application of assessment results
1. Feedback and appeal of assessment results
(1) The examinee has the right to know his own assessment results, and the salary and assessment committee shall notify the examinee of the assessment results within 5 working days after the end of the assessment.
(2) If the examinee has any objection to the assessment results, he can appeal to the remuneration and assessment committee of the board of directors within 5 working days after receiving the assessment notice. The remuneration and assessment committee shall review and determine the final assessment results within 10 working days.
(3) The assessment results shall be used as the basis for the lifting of restrictions on the sale of restricted shares.
2. Filing of assessment results
After the assessment, the assessment results shall be archived and kept by the human resources department of the company as confidential information for a period of not less than 5 years.
9、 Supplementary Provisions
These Measures shall be formulated, interpreted and revised by the board of directors of the company, and shall come into force after being deliberated and adopted by the general meeting of shareholders of the company. Wuhan Ligong Guangke Co.Ltd(300557) board of directors December 29, 2021
