Stock Code: 601598 stock abbreviation: Sinotrans Limited(601598) No.: Lin 2022-003
Announcement on the approval of the stock option incentive plan by the state owned assets supervision and Administration Commission of the State Council
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Sinotrans Limited(601598) (hereinafter referred to as “the company”) held the sixth meeting of the third board of directors and the seventh meeting of the board of supervisors in 2021 on November 29, 2021, deliberated and adopted the proposal on the company’s stock option incentive plan (Draft) and its summary and other proposals. For details, see the company’s website of Shanghai Stock Exchange on November 30, 2021（ http://www.sse.com.cn. ）Relevant announcements published.
On January 21, 2022, the company was informed by the actual controller China Merchants Group Co., Ltd. (hereinafter referred to as “China Merchants”) that China Merchants has received the reply on Sinotrans Limited(601598) implementation of stock option incentive plan (gzkp [2022] No. 31) issued by the state owned assets supervision and Administration Commission of the State Council (hereinafter referred to as “SASAC”), The SASAC of the State Council agrees in principle that the company shall implement the stock option incentive plan.
The company’s stock option incentive plan can only be implemented after being approved by the first extraordinary general meeting of shareholders in 2022. The company will timely perform the obligation of information disclosure according to the progress of the above matters.
It is hereby announced.
January 21, 2002
