Securities code: Xiamen Wanli Stone Stock Co.Ltd(002785) securities abbreviation: Xiamen Wanli Stone Stock Co.Ltd(002785) Announcement No.: 2022014 Xiamen Wanli Stone Stock Co.Ltd(002785)
Announcement on the progress of planning equity incentive plan
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Xiamen Wanli Stone Stock Co.Ltd(002785) (hereinafter referred to as “the company”) disclosed the suggestive announcement on the planning of equity incentive plan and the announcement on the extension of planning of equity incentive plan on September 30 and November 30, 2021 respectively. It is expected to disclose the relevant draft incentive plan before February 28, 2022. The relevant progress is as follows:
1、 Basic information of this equity incentive plan
In order to further establish and improve the company’s long-term incentive mechanism, attract and retain excellent talents, fully mobilize the enthusiasm of the company’s managers and core backbone, effectively combine the interests of shareholders, the company and the personal interests of the incentive object, and make all parties pay common attention to the long-term development of the company, according to the company law of the people’s Republic of China According to the securities law of the people’s Republic of China, the measures for the administration of equity incentive of listed companies and other relevant laws, regulations and normative documents, as well as the provisions of the articles of association, it is planned to implement the equity incentive plan in the form of restricted shares, stock options or a combination of the two. The stock source is the company’s A-share common stock issued by the company to the incentive object.
The total number of subject shares involved in this incentive plan will not exceed 10% of the total share capital of the company. The number of shares of the company granted to any incentive object in the equity incentive plan through the equity incentive plan within the whole validity period shall not exceed 1% of the total share capital of the company.
2、 Main work done during the planning of incentive plan
During the planning period, the company organized the company’s management and employee representatives to study and discuss the procedures and rules for the implementation of equity incentive matters in accordance with the measures for the administration of equity incentive of listed companies and other laws and regulations, and discussed the scope of participation in the equity incentive matters, the lifting of restrictions / exercise arrangements, the scale of the incentive plan, etc, The opinions and suggestions of everyone have been widely solicited, and the preliminary design of the plan for the equity incentive to be implemented this time has been carried out.
3、 Progress in planning equity incentives
After the company’s management discussion and in-depth communication with employee representatives, everyone generally fully understood and supported the original intention of planning this equity incentive. However, in view of the changes in the background of formulating this incentive plan and the communication found that there are differences in the fund-raising ability of different employees for equity incentive, it is expected that it will not be completed in a unified and coordinated manner in a short time. The conditions for the implementation of the equity incentive of the company are not yet mature. In order to effectively safeguard the interests of employees and investors, after careful research, the company has decided to terminate the planning of the equity incentive and start it when the conditions are mature. The company will actively promote the construction of the company’s medium and long-term effective incentive mechanism according to the actual operating conditions and the wishes of the majority of employees, so as to realize the common development of the company and employees and maximize the interests of shareholders. It is hereby announced.
Xiamen Wanli Stone Stock Co.Ltd(002785) board of directors March 1, 2022
