China South car to issue 5 billion yuan short fuse

China Southern Car (601766) plans to issue no more than 5 billion yuan short-term financing coupons, the issue period of not more than 365 days, the collection of funds will be used to repay loans and supplementary liquidity. On the same day, the company revised its previous stock options plan. The revised version incorporates the 10 stock options scheme and the first grant into a grant scheme; the effective arrangement of stock options from three to 5 years, 4 years and 3 years, respectively, for the validity period of three instalments is 3 years; it also adds the right constraint: "For the directors and senior managers of the motivating object, Should not be less than the total amount of the 20% stock options to stay until the State Council SASAC term of assessment qualified rear feasible right "; At the same time increase the waiting period performance requirements:" In the stock option waiting period, The net profit attributable to the shareholders of the parent company in each year and the net profit deducted from the non-recurrent profit and loss attributable to the parent company shall not be less than the average of the last three fiscal years and shall not be negative. (Li Josin)