Donghua Energy to grant 10 people restricted shares not exceeding 2.9 million shares

Donghua Energy (002221) released the draft a-share restrictive stock incentive plan in late Monday, which is intended to give the company directors, senior management, core business backbone and other 10 incentive objects to not more than 2.9 million shares, accounting for 1.306% of the total equity. The authorized price of a restricted stock is 6.04 yuan per share.　　The target can be unlocked two times, respectively, 12 months from the date of grant, and 24 months after each application to unlock the total amount of 50% awarded shares.　　The first unlock conditions are: (1) 2011 Weighted average return on net assets is not less than 8%; (2) The net profit growth rate of 2011 excluding Non-recurrent profit and loss is not less than 20%, (3) the net profit of 2011 and deduction of non-recurrent profit and loss are not lower than the average of the preceding three years and shall not be negative. The second unlocking condition is as follows: (1) 2012 weighted average net assets yield is not less than 9%; (2) The net profit growth rate of 2012 excluding non-recurrent profit and loss is not less than 25%, (3) The net profit of 2012 and deduction of non-recurrent profit and loss are not lower than the average of the preceding three years and shall not be negative.