Chint Electric shares incentive plan released

Chint Electric (601877) announcement, the company's equity incentive plan, to the incentive to grant 18.2322 million stock options, accounting for about 1.8141% of the total stock of the current company. The incentives involved include company directors, senior managers, and other personnel that the Board deems necessary to motivate, excluding the company's independent directors and supervisors.　　The line price is 22.43 yuan. Of these, 16.409 million were awarded for the first time, representing 90% of the total amount of the proposed stock option, 1.6327% per cent of the total equity of the company, and 1.8232 million for the total number of 10%. Each stock option has the right to purchase 1 shares of Chint Electric shares within the validity period by the right price and the right to do so.　　The stock source of this program is Chint electric appliance to the incentive object to issue shares.　　Line right needs to achieve a certain performance evaluation objectives, including net assets yield, net profit growth rate, operating income growth rate is not less than 10%. At the same time, in order to meet the effective implementation of the equity incentive plan, the company has designed the stock increment right incentive for the foreign director and Vice President Liu Shizheng who is unable to be included in the option incentive scheme under the policy restriction. To Liu Shizheng 200,000 shares of value-added rights, the right to the price of 22.43 yuan. According to the introduction, the essence of the stock increment right is the cash settlement of stock options, and the benefits that can be obtained by implementing the option plan are paid by the company to the incentive object in cash form.