Shenzhou Tai Yue to implement 4.5 million stock options incentive plan

NetEase Finance August 4 News in China, Thailand Yue Wednesday Evening issued a notice, the company's board of directors through the draft equity incentive plan, to be granted incentive to 4.5 million stock options, of which the first grant 4.05 million. The first award of 4.05 million share of the total share capital 1.42% announcement, Shenzhou Tai Yue to the incentive to grant 4.5 million share options, the subject of the type of shares of the renminbi a-share common stock, accounting for the incentive plan signed when the total amount of 316 million shares of 1.42%. Of these, 4.05 million were awarded for the first time, accounting for 316 million of the total company's share capital at the time of the signing of the plan, and 450,000 were reserved for 10% of the total number of stock options proposed in this plan, which accounted for 0.142% of the total amount of the company's equity at the time of the signing　　Each stock option has the right to purchase 1 shares of the Shenzhou Thai shares within the validity period at the right price and on the right condition. The validity of the six-year right of the price 60.31 yuan notice that the incentive scheme is valid for six years from the authorization date of the stock option, the first granted stock option from the current period of the first authorization of the incentive plan after 12 months, the target should be in the next 48 months in four period of the right.　　The price of the stock option is set at 60.31 yuan for the first time, and the right price of the stock option is fixed when the share option is granted. The incentive program involves the company's middle management, core technology (business) backbone and the board of directors that the need to motivate the total of about 300 people, but does not include the company's directors, senior managers, independent directors, supervisors.　　The 450,000 options set aside in this draft will be awarded to newly introduced and promoted senior talents in the coming year. The main right condition is, in the incentive plan validity period, take 2009 year net profit as the base, 2010-2013 year relative to 2009 net profit growth rate is not lower than 20%, 25%, 50%, 80% respectively.　　The weighted average net asset yield for each year of 2011-2013 was no less than 12% per cent. Shenzhou Yue said that the incentive plan still need to be filed in the CSRC no objections, as well as the company's shareholders general meeting to consider the adoption of the implementation.