Securities code: 002459 securities abbreviation: Ja Solar Technology Co.Ltd(002459) Announcement No.: 2022-005 Jingao Cecep Solar Energy Co.Ltd(000591) Technology Co., Ltd
Announcement on the completion of cancellation of some stock options
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.
Special tips:
1. The total number of stock options granted by the 2020 stock option and restricted stock incentive plan is 20000, involving 2 incentive objects.
2. Upon review and confirmation by Shenzhen Branch of China Securities Depository and Clearing Corporation Limited, the cancellation of the company’s stock option was completed on January 11, 2022.
1、 Approval of the cancellation of stock options
On December 9, 2021, Jingao Cecep Solar Energy Co.Ltd(000591) Technology Co., Ltd. (hereinafter referred to as “the company”) held the 28th meeting of the 5th board of directors and the 20th meeting of the 5th board of supervisors, deliberated and adopted the proposal on canceling some stock options and repurchasing some restricted shares granted but not lifted, It is agreed that the company shall cancel 20000 stock options granted but not yet exercised by 2 resignation incentive objects. For details, see the announcement on canceling some stock options and repurchasing some restricted shares granted but not lifted (Announcement No.: 2021-129) disclosed by the company on December 10, 2021.
On December 27, 2021, the second extraordinary general meeting of the company in 2021 deliberated and approved the above proposal to cancel stock options, and agreed to cancel 20000 granted stock options. For details, see the announcement on the resolution of the second extraordinary general meeting of shareholders in 2021 (Announcement No.: 2021-140) disclosed by the company on December 28, 2021.
2、 Completion of this stock option cancellation
1. Reasons and quantity for cancellation of stock options
According to the provisions of (II) in “II. Handling of changes in the personal situation of incentive objects” in Chapter VIII “handling of changes in the company / incentive objects” of the company’s 2020 stock option and restricted stock incentive plan (Revised Draft): “If the incentive object leaves the company due to the expiration of the contract, resignation or layoff of the company, the stock options granted to the incentive object but not yet exercised shall not be exercised and shall be cancelled by the company. The restricted shares granted to the incentive object but not yet lifted shall not be lifted and shall be repurchased and cancelled by the company at the grant price.” In view of the fact that the two incentive objects have resigned and are no longer qualified as incentive objects, the company will cancel a total of 20000 stock options granted but not exercised with the approval of the general meeting of shareholders.
2. Implementation
Upon review and confirmation by Shenzhen Branch of China Securities Depository and Clearing Corporation Limited, the cancellation of the company’s stock option was completed on January 11, 2022. Some stock options cancelled this time have not been exercised, and the cancellation will not affect the company’s share capital.
3、 Impact of the cancellation of stock options on the company
The cancellation of stock options complies with the company law of the people’s Republic of China, measures for the administration of equity incentive of listed companies, articles of association, 2020 stock option and restricted stock incentive plan (Revised Draft) and other relevant provisions, and will not have a significant impact on the company’s financial status and operating results, It will not affect the enthusiasm and stability of the company’s management team. The company’s management team will continue to earnestly perform their duties and create greater value for shareholders.
It is hereby announced.
Board of directors of Jingao Cecep Solar Energy Co.Ltd(000591) Technology Co., Ltd
January 11, 2022
