China Baoan throws 1.1 billion yuan equity incentive plan

Baoan, China (000009.　　SZ) accounts for about 6.88% of the company's total equity, with a total amount of about 1.095 billion yuan, through an equity incentive plan of up to 75 million shares to executives and the core backbone. China Bao ' An 1st evening announced the Board of Directors announced that the plan to grant incentives to the company directors, senior managers and the board of directors that the need to motivate other personnel, the total number of 261 people, accounting for about 4.94% of the total number of employees.　　The right price per share is 14.60 yuan. In the incentive plan, 9 senior executives were granted stock options involving 26.3 million shares, accounting for 35.07% of the total stock options, and 2.41% of the total amount of corporate equity granted. Chen, chairman and President of the Board, will be awarded 5 million shares, accounting for about 0.46% of total equity. The executive vice chairman of the board, Churen, and the executive vice-Chairman of the board and CEO Chen Taiquan were awarded 4.1 million and 4 million shares.　　Executive Director and operating President Chen Ping and operating President He Dehua received 2.6 million shares, operating president and director of the Keng Wenming, Auditor General, vice president and financial director Zhong Zhengyu and then Chen Quanguo were awarded 2 million shares.　　In accordance with the regulations, after a year after the award of the incentive scheme, the incentive target should be divided into five periods in the next 5 years, the proportion of the right to 5%, 15%, 20%, 30%, 30%. The first term was the 2010 return on net assets of not less than 6.5%, 2010 net profit compared to 2009 growth of not less than 20%.　　Since then 4 lines of power period, the same year's net assets rate of increase of 0.5%, to 2014 the right condition is: 2014 net assets yield is not less than 8.5%, 2014 net profit compared to 2009 growth of not less than 149%.　　The plan should be submitted to the shareholders ' general meeting for consideration after filing without objection. Bao ' An main business in China is High-tech industry, real estate and bio-pharmaceutical industry, with listed companies Mayinglong Pharmaceutical (stock code 600993. SH), Shenzhen Hongji Group (000040.　　SZ) and more than 20 wholly-owned enterprises and holding enterprises. China Bao ' An Gaokaigao today to go, and a strong seal of trading, closed at 14.60 yuan/share.