Hop Kang frequency conversion stock Right Incentive Plan 34 executive cadre awarded 3.149 million shares

After the Pathfinder, another gem company and Kang frequency conversion also launched the first share incentive plan, but with the Pathfinder is different, and Kang-frequency conversion This grant incentive is restricted stock. Hop Kang frequency Conversion today disclosed, the company will be awarded to senior management, core technology (business) staff a total of 34 people accumulated no more than 3.149 million restricted shares, accounting for the total amount of the company issued 2.62%, awarded the price of only 22.39 yuan, is the draft published 20 trading day of the company's stock prices 50%, The source of the stock is the company issuing shares to the incentive object.　　Among them, director Due Cenlin, Zhang and Ye Binwu respectively were awarded 700,000 shares, 600,000 shares and 350,000 shares, the chief Financial officer, Secretary Wang Dong was awarded 450,000 shares, the other 30 core technology and business staff were awarded 1.049 million shares, 4 senior executives were awarded the shares of the total number of restricted shares 66.69%. According to the plan, the Equity incentive scheme is valid for 6 years from the date of adoption of the shareholders ' meeting, the company to the incentive to grant restricted shares of the date of 1 years for the lock-up period, the lock-up period, the incentive to be granted the shares are locked, not transferable; After the lock-up period for the unlocking period, if the requirements of the plan to achieve the conditions of unlocking, The target can be unlocked four times: the first anniversary, the second anniversary, the third anniversary and the fourth anniversary of the future can unlock 25% of the total number of the awarded shares respectively, and the locked stock can be freely circulated according to law. In any year of the unlocking period the company's performance conditions are not up to the unlocking conditions, this part of the marked stock can be deferred to the next year, the next year to unlock the conditions unlocked.　　If the next year has not reached the unlocking conditions, the part of the stock is no longer unlocked, the company has the right to repurchase and cancellation of that part of the stock. In order to unlock the stock, the person must achieve certain performance conditions, one is to 2009 years net profit as a fixed base, the company unlocked the last year audited net profit than the 2009 annual composite growth rate of net profit reached or more than 30% The second is to unlock the previous year's net profit is not lower than the recent three fiscal year average level and may not be negative; third, 2010, 2011, 2012, 2013 the company's net assets yield is not less than 8%, 10%, 11%, 12%.　　If the company has refinancing behavior, then the financing year and the next year index value to deduct the amount of financing after the net assets and the net profit generated by such net income as the basis for calculation. The company said that the company will convene a board of directors to authorize the incentive objects and complete registration, announcements and other related procedures within 30th from the date of the shareholder meeting.