China Bao ' An revised version of the draft equity incentive bill today

Bao ' An (000009, closing 17.20 yuan), which introduced the draft equity incentive bill at the end of last year, released the revised draft of the equity incentive Bill today (January 29), and the daily economic news reporter found in the revised draft equity incentive bill that there was no change in the number of stock options and in the price　　However, the company's performance assessment objectives, assessment base, assessment of the annual adjustment, the number of incentive objects also appeared "shrink", from the original 261 to 195 people. Pre-revision of the object of encouragement last November 2, China's Baoan launched a draft equity incentive plan, to 261 incentives to grant no more than 75 million share options, accounting for about 6.88% of the company's total equity The right of the bank is 14.60 yuan, each stock option has the right to buy 1 shares in the company's stock in the right price and the right condition.　　Among the 261 participants, there are 9 senior managers, as well as basic staff like salesman, Office Administrative assistant, and Commissioner. The right to exercise is valid for a period of up to 6 years from the date of authorization of the first stock option.　　After 12 months from the date of the current incentive scheme, the incentive target should be divided into five periods in the next 60 months, and the number of feasible rights will be 5%, 15%, 20%, 30% and 30% respectively. As an incentive condition, in the period of the stock option Incentive plan, China Baoan is based on the net profit of 2009 years and the 2010 ~2014 net profit is not less than 20%, 44%, 73%, 107% and 149% respectively. 2010 ~　　2014 equity returns were no less than 6.5%, 7%, 7.5%, 8% and 8.5% respectively. The revisions to the lower-level staff after the revisions are not available today are changing. In addition to the incentive conditions of "2009-year net profit as the base" adjusted to "2009 years and 2010 deduction of the average value of the net profit of Non-recurrent gains", the 2011 ~2015 annual net profit compared to the growth of the assessment base is not less than 20%, 44%, 73%, 107%, 149% The weighted average net asset yield of 2011 ~2015 year was not less than 6.5%, 7%, 7.5%, 8% and 8.5%.　　The total number of incentives targeted by the scheme has also shrunk from the original 261 to 195. "Daily economic news" Reporters carefully check the list of two incentive objects, China Baoan on the original list of middle-level management staff only a partial adjustment, the most important adjustment is the salesman, Commissioner and Office Administrative Assistant, such as the elimination of the list.　　A total of 28 lower-ranking employees were eliminated, respectively from the company's investment department, Asset Management Department, finance department, real estate department, and so on, 3 commissioners are the brand Promotion department planning specialist, the brand promotion Department planning editorial specialist and the brand Promotion Department art Editor Commissioner, as well as 20 Office administrative assistant, 5 cost Management Department audit assistant. for incentivesConditions adjustment reasons, China Baoan explanation, 2010 has ended, not suitable for the assessment of the year, so the first assessment of the annual adjustment for 2011, the other assessment of the year postponed. Due to the adjustment of the annual assessment, combined with the volatility of company performance, the assessment base of net profit growth rate is adjusted accordingly. The increase of the assessment base, the original rate of return on net assets deviation from the actual operation of the company, so the first assessment of the year's net assets yield index adjusted to no less than 6%, and then increased by 0.5% each year. But the company did not make a statement about the sharp drop in the number of incentives.