China Electric equity incentive 2.15 million options to motivate employees

China Electric (300062) equity incentive plan.　　The company decided to take out 2.15 million options to motivate its employees, including 210,000 shares, with 51 executives and core employees enjoying an additional 1.94 million options. The stock option of 2.15 million shares is the source of the middle energy electric to the incentive to target the additional shares, accounting for the total share capital of 77 million shares of 2.79%.　　Each stock option has the right to purchase 1 shares of electric shares in the power of the right price and the right of ownership during the validity of the incentive plan. The right price for the first-granted stock option is 37.49 yuan. The 210,000 shares reserved are 9.77% of the total number of options, and reserved stock options shall be granted in the late 12 months after the entry into force of the plan and determined by the Board of Directors.　　The set of incentive objects shall be approved by the Board of directors, including special talents recruited by the company and special contributors who the board of directors think should be included in the incentive. The stock option is valid for 4 years from the date of the stock option authorization, and after the effective period of the stock option, the stock option has been granted but has not yet been authorized to do so.　　The incentive object may be 12 months from the date of the grant of the stock option, and shall be entitled to 30%, 30%, 40% and three of the total amount of the approved stock options as stipulated in the plan.　　The performance condition of the right of line is that in the first, second and third right period, the net profit growth rate of the last year of the bank is not less than 20%, 60% and 90% respectively, and the return rate of net assets is not less than 10%. The identified 51 targets specifically include the company's financial director Yuliangyi, marketing director Chen Junbin and chief engineer Wang Dongzhi, as well as the core business backbone of 48 people.　　Among them, Chen Junbin and Wang Dongzhi were awarded the largest share of options, both 200,000, accounting for 9.3% of the total incentive plan. China Electric said that the introduction of the equity incentive to further improve the corporate governance structure, improve the company's incentive and restraint mechanism, enhance the company's management team and core staff to achieve sustained and healthy development of the company's enthusiasm and creativity, to ensure that the company's business development goals to achieve, promote the long-term development of the company