Hebei Hengshui Laobaigan Liquor Co.Ltd(600559) 4 announced on April 17 that in order to further establish and improve the company's long-term incentive mechanism, attract and retain talents, and fully mobilize the enthusiasm of core employees, the company plans to launch 2022 restricted stock incentive plan. The number of restricted shares to be granted under this incentive plan shall not exceed 17.74 million, accounting for about 1.98% of the company's total share capital of 8972874 million shares at the time of announcement of the incentive plan. The incentive plan is a one-time grant, excluding the reserved part.
The incentive plan involves no more than 213 incentive objects, including directors, senior managers, members of the leading group of subsidiaries, and core employees of the headquarters and subsidiaries. All incentive objects must have labor relations with the company or its holding subsidiaries or hold positions in the company or its holding subsidiaries.
The grant price of restricted shares granted by the incentive plan is proposed to be 10.34 yuan per share, about 50% of the closing price on April 15.
The announcement shows that the validity period of restricted shares includes the 24 month restriction period and the 36 month lifting period after the grant. During the restricted sale period, the restricted shares shall be locked and shall not be transferred in any form, used for guarantee or debt repayment. If the conditions for lifting the restrictions on the sale of restricted shares are met, the restrictions on the sale of restricted shares will be lifted in three batches in the next 36 months, and the proportion of lifting the restrictions will be 40%, 30% and 30% respectively.
In terms of unlocking conditions, it involves assessment indicators such as net assets, net profit and main business income. Among them, the unlocking conditions of the first unlocking period are: the return on net assets in 2022 is not less than 10%, and not less than the 75th percentile of the benchmarking enterprise or the average performance level of the same industry; The compound growth rate of net profit in 2022 shall not be less than 15% compared with that in 2020, and shall not be lower than the 75th percentile of benchmark enterprises or the average performance level of the same industry; The proportion of main business income in 2022 shall not be less than 95%.
