Chengdu M&S Electronics Technology Co.Ltd(688311) 46 the 2022 restricted stock incentive plan (Draft) shows that the company plans to grant 1249000 restricted shares, accounting for 1.09% of the total share capital of the company. Among them, 1.004 million shares were granted for the first time, 245000 shares were reserved, and the first grant price was 23.28 yuan / share. It is worth mentioning that according to the performance evaluation indicators, the growth rate of net profit after deduction of Non Profits in 2022 is no less than 40% year-on-year, which is significantly higher than the year-on-year growth of 27.37% disclosed in the company’s 2021 performance express.
According to the plan, there are 68 incentive objects in total, accounting for 16.63% of the company’s 409 employees at the end of 2021, including the company’s directors, senior managers, core technicians, middle-level managers and core backbones who served in the company (including consolidated statement subsidiaries, the same below) when the company announced the incentive plan. Specifically, the incentive tools adopted by the incentive plan are the first type of restricted stocks and the second type of restricted stocks. Among them, the total number of restricted shares granted in the first category is 378000 shares, and no reserved rights and interests are set. The total number of restricted shares granted in the second category is 871000 shares, with 626000 shares granted for the first time and 245000 shares reserved. The grant price of class I restricted shares is 23.28 yuan / share, and the grant price of class II restricted shares granted for the first time and reserved is 23.28 yuan / share.
For the performance evaluation requirements at the company level, the company level evaluation year of the first type of restricted shares granted in the incentive plan is three fiscal years from 2022 to 2024, and one evaluation is conducted in each fiscal year. The specific performance assessment objectives are three fiscal years from 2022 to 2024. Based on the company’s net profit in 2021, the growth rate of net profit in 2022, 2023 and 2024 shall not be less than 40%, 90% and 150% respectively. The above indicators of “net profit” and “net profit growth rate” are calculated based on the net profit after deducting non profits.
