Securities code: 000589 securities abbreviation: Gui Zhou Tyre Co.Ltd(000589) Announcement No.: 2022-005 Gui Zhou Tyre Co.Ltd(000589)
Announcement of resolutions of the 23rd Meeting of the 7th board of supervisors
The company and all members of the board of supervisors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
The notice of Gui Zhou Tyre Co.Ltd(000589) (hereinafter referred to as “the company”) on convening the 23rd Meeting of the seventh board of supervisors was sent to all supervisors by hand on January 19, 2022. The meeting was held in the conference room on the third floor of the company’s office building on the morning of January 24, 2022. Three supervisors should attend the meeting and three supervisors actually attended the meeting, which is in line with the provisions of the company law, relevant regulations and the articles of association. The meeting was presided over by Mr. Zhou Yejun, chairman of the board of supervisors. Through deliberation and voting, the following resolutions were formed:
1、 The proposal on the achievement of the conditions for lifting the restrictions in the first lifting period of the restricted stock incentive plan in 2019 was deliberated and adopted with 3 affirmative votes, 0 negative votes and 0 abstention.
According to the relevant provisions of the company’s 2019 restricted stock incentive plan and the management measures for the implementation and assessment of the 2019 restricted stock incentive plan, the conditions for the lifting of the restrictions in the first lifting period of the company’s 2019 restricted stock incentive plan have been achieved. We have verified the list of those who meet the conditions for lifting the restrictions on sales. The subject qualification of 443 incentive objects that can be lifted this time is legal and valid, and there is no situation that they are not allowed to become incentive objects as stipulated in the measures for the administration of equity incentive of listed companies and the company’s incentive plan this time, The evaluation results of the company’s performance and personal performance in the corresponding sales restriction period meet the conditions for lifting the sales restriction stipulated in the company’s incentive plan. (for details, please refer to the announcement on the achievement of lifting the restrictions in the first lifting period of the restricted stock incentive plan in 2019 disclosed by the company in the securities times, China Securities News, Shanghai Securities News and cninfo.)
It is agreed that the company will handle the procedures for lifting the restrictions on the sale of a total of 7.352 million restricted shares of 443 restricted stock incentive objects who meet the conditions for lifting the restrictions on the sale in the first lifting period.
This proposal has been authorized by the fourth extraordinary general meeting of shareholders in 2019 and does not need to be submitted to the general meeting of shareholders of the company for deliberation.
2、 The proposal on repurchasing and canceling some restricted shares in the 2019 restricted stock incentive plan and adjusting the repurchase price was deliberated and adopted with 3 affirmative votes, 0 negative votes and 0 abstention.
According to the relevant provisions of the company’s 2019 restricted stock incentive plan and the measures for the administration of the implementation and evaluation of the 2019 restricted stock incentive plan, we verified the number of shares to be repurchased and cancelled by the company and the list of incentive objects involved. The company assessed the personal performance of 444 incentive objects granted by the restricted stock incentive plan in 2020, Among them, the assessment results of 6 people are good, and the proportion of sales restrictions that can be lifted in the current period is 90%; One person resigned during the assessment period and did not meet the incentive conditions, and the restricted shares granted to him shall be repurchased and cancelled by the company. In addition, after the expiration of the assessment in 2020, one person resigned and one person retired before the lifting of the sales restriction. The two persons have not met the incentive conditions, and the remaining restricted shares that have not been approved to lift the sales restriction shall not be lifted and shall be repurchased and cancelled by the company. Therefore, the company will buy back and cancel 79000 restricted shares of the above incentive objects that have been granted but have not been approved to lift the restriction and have not met the incentive conditions. In view of the company’s equity distribution in 2019 (RMB 0.4 per 10 shares) and 2020 (RMB 1.5 per 10 shares) in July 2020 and June 2021 respectively, the repurchase price of restricted shares is adjusted to RMB 1.96/share. (for details, please refer to the announcement on repurchasing and canceling some restricted shares of the 2019 restricted stock incentive plan and adjusting the repurchase price disclosed by the company in the securities times, China Securities News, Shanghai Securities News and cninfo.)
The procedures for this repurchase, cancellation of restricted shares and adjustment of repurchase price comply with the measures for the administration of equity incentive of listed companies, the company’s 2019 restricted stock incentive plan and other relevant provisions, are legal and effective, and there is no situation that damages the interests of the company and all shareholders. Agree with the company to repurchase and cancel some restricted shares and adjust the repurchase price.
This proposal has been authorized by the fourth extraordinary general meeting of shareholders in 2019 and does not need to be submitted to the general meeting of shareholders of the company for deliberation.
It is hereby announced.
Gui Zhou Tyre Co.Ltd(000589) board of supervisors
January 25, 2002
