Guangzhou Automobile Group Co.Ltd(601238) ( Guangzhou Automobile Group Co.Ltd(601238) ) on the evening of March 17, it announced the latest progress of the mixed reform of gac-ea, its subsidiary Guangzhou Automobile Group Co.Ltd(601238) the board of directors deliberated and approved the proposal on the implementation of employee equity incentive and related matters of gac-e’an, and agreed that gac-e’an would implement 679 employee equity incentive and 115 scientific and technological personnel of GAC Research Institute would hold the equity of gac-e’an by means of capital increase through non-public agreement, and introduce Chengtong Group, Nanwang kinetic energy, Guangzhou ai’an and other strategic investors to meet the needs of state-owned capital layout and structure adjustment at the same time. The total financing for this capital increase is 2.566 billion yuan.
It is reported that this employee equity incentive plan is an important part of gac-e’an’s implementation of mixed reform. On the one hand, gac-e’an has included 679 employees in the scope of incentive, and the coverage of employee equity incentive is about 20%, covering important technicians and management personnel. On the other hand, GAC Research Institute, as the R & D subject of Guangzhou Automobile Group Co.Ltd(601238) , has close business ties with GAC EA. This Guangzhou Automobile Group Co.Ltd(601238) adopts the “top-down” method, selects 115 core scientific and technological personnel from the team of more than 4000 people of GAC Research Institute, and grants equity to GAC EA. These R & D talents will be able to enjoy the dual incentive policies of Guangzhou Automobile Group Co.Ltd(601238) , GAC EA at the same time, Stimulate their innovative vitality to the greatest extent. It is understood that this is the first large-scale implementation of the mixed reform of state-owned enterprises. It is also an innovative breakthrough for Guangzhou Automobile Group Co.Ltd(601238) as a “double hundred enterprises” in the reform of state-owned enterprises to make full use of policy dividends and fully promote the reform.
Guangzhou Automobile Group Co.Ltd(601238) simultaneously introduce three strategic investors, Chengtong Group, Nanwang kinetic energy and Guangzhou AIAN, to meet the needs of state-owned capital layout and structural adjustment. Chengtong Group is a central enterprise directly under the State Council. It is the first pilot enterprise of SASAC to build a standardized board of directors and the first pilot enterprise of state-owned assets management company. The special fund “Southern Power Grid kinetic energy” jointly established by China Southern Power Grid and China Southern Airlines Group, joined as a strategic investor, will help gac-e’an promote the layout of charging facilities, power exchange and energy storage and other energy ecological construction, green travel ecological co construction and intelligent transportation technology cooperation business. Guangzhou AIAN, a fund established by several high-quality state-owned enterprises in Guangzhou under the leadership of Guangzhou industrial investment, will also help GAC AIAN to continue to cultivate Dawan district and promote business development based on local advantages.
Guangzhou Automobile Group Co.Ltd(601238) said that at present, the competition in the Shanxi Guoxin Energy Corporation Limited(600617) vehicle market has entered a white hot stage, and the rapid development of the industry and technological fission put forward high requirements for the independent innovation ability and market response speed of vehicle enterprises. As the main carrier of Guangzhou Automobile Group Co.Ltd(601238) developing new energy vehicles, GAC ea’an’s mixed ownership reform and capital market platform construction have become the key components of the group’s system and mechanism reform Guangzhou Automobile Group Co.Ltd(601238) early stage has completed the internal asset restructuring and integration of gac-e’an through cash capital increase, asset injection and cash purchase, and injected relevant R & D personnel, intangible assets and fixed assets in the field of pure electric new energy into gac-e’an. At present, gac-e’an has the ability to integrate the research, production and marketing of pure electric new energy vehicles, and has a more complete and efficient R & D ability, business and asset structure.
Next, gac-e’an will make more full use of the capital market, seek listing at the right time and place, and establish an independent capital market platform Guangzhou Automobile Group Co.Ltd(601238) aims to complete the round a financing and joint-stock restructuring of GAC ea’an before the third quarter of this year.
