China Bao ' An 75 million stock options to motivate core employees

Bao ' An, China (000009) launched a draft equity incentive today. The company plans to grant the incentive to no more than 75 million stock options, accounting for about 6.88% of the company's total equity when the incentive plan is signed. The stock source of the plan is to issue stock to the incentive object.　　It is worth mentioning that, in addition to the top management, some front-line sales and administrative assistants are among the 261 people who are entitled to the equity incentive. According to the announcement, each stock option has the right to purchase 1 shares of China Baoan stock in the right price and the right of bank under the term of validity. The price of the stock options granted by this incentive plan is 14.60 yuan, the same as that of the company's shares yesterday.　　In the period of the Company stock option, the price of the bank will be adjusted accordingly, when the capital accumulation is transferred to the stock, the dividend is distributed, the share is split or the shares are reduced, the allotment and dividend are paid. According to the plan, the right of option is valid from the date of authorization of the first stock option, for a maximum of 6 years (72 months).　　After 12 months from the date of awarding the current incentive plan, the incentive target should be divided into five periods in the next 60 months. The main right of option is the basis of 2009-year net profit in the period of the stock option incentive plan, and the net profit growth rate of 2010-2014 is not less than 20%, 44%, 73%, 107% and 149% respectively.　　The return on net assets in 2010-2014 was not less than 6.5%, 7%, 7.5%, 8% and 8.5% respectively. China Bao ' An equity incentive for the company directors, senior management and the board of directors that need to motivate other personnel, does not include independent directors, supervisors and more than 5% of the major shareholders. The total number of incentive programs awarded was 261, accounting for about 4.94% of the total number of employees.　　Among them, 9 senior managers were granted stock options involving a total of 26.3 million shares, accounting for 35.07% of the total share options granted, accounting for 2.41% of the total amount of the company's equity at the time of Grant. Bao ' An said that the implementation of the equity incentive is to promote the establishment of the company, improve the incentive and restraint mechanism, retain outstanding management personnel and business backbone, mobilize the company's top management and staff enthusiasm. Zhang Zhorong, an independent director of Bao ' An in China, believes that the implementation of stock option plans can improve the company's incentive and restraint mechanism, enhance the Company's sustainable development capacity, enable operators and shareholders to form a community of interests, improve management efficiency and the enthusiasm of managers, creativity and responsibility, and ultimately improve corporate performance.