Guangdong Tengen Industrial Group Co.Ltd(003003) plans to implement 1767200 equity incentive plans

On the evening of April 7, Guangdong Tengen Industrial Group Co.Ltd(003003) ( Guangdong Tengen Industrial Group Co.Ltd(003003) ) announced that the company plans to implement 1767200 equity incentive plans to 98 incentive objects, and the number of incentive shares accounts for about 1.00% of the company’s total share capital of 176720000 shares. Among them, 1413800 were granted for the first time and 353400 were reserved rights and interests. The performance assessment objectives of the incentive plan are to achieve net profits of 60 million yuan, 80 million yuan and 100 million yuan in 2022, 2023 and 2024 respectively.

Specifically, the company’s equity incentive plan includes stock option incentive plan and restricted stock incentive plan. The stock source is the company’s directional issuance of A-share common shares to incentive objects. Among them, the number of options involved in the stock option incentive plan is 141376, and the exercise price is 10.73 yuan / share; The number of shares involved in the restricted stock incentive plan is 35344, and the grant price is 5.96 yuan / share.

The company said that as a leading overall solution provider of express e-commerce packaging and printing in China, the company focuses on the R & D, design, production, sales and service of express e-commerce packaging and printing products. In recent years, with the rapid development of the industry, fierce talent competition and the scarcity of talents with core technology and management experience, the company’s current single salary system is not enough to maintain the stability of the existing team and the attraction of external talents, so it is urgent to implement equity incentive. Based on the principle of equal incentives and constraints, this incentive plan sets reasonable and challenging performance evaluation indicators, which will help to further stimulate the initiative and creativity of core employees and promote the realization of performance objectives, so as to realize the unity of corporate interests, personal interests and shareholders’ interests.

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