ZTE's first share incentive plan unlock the second time

ZTE 20th held the fifth session of the Board of Trustees to consider the adoption of relevant bills, in view of the first award of the underlying stock (A shares) the second unlocking conditions have been met, the Board agreed to handle the second unlock of the underlying stock. According to the first phase of ZTE's equity incentive plan, the company awarded the target stock quota to the incentive object by way of awarding new shares.　　As of this unlock, the first phase of ZTE's Equity incentive program was awarded to 3238 people (including 17 directors and senior managers), of which more than 60% were the backbone of the company's research and development. It is understood that ZTE's equity incentive plan has a large number of incentive targets, the proportion is big, mainly for key post employees, performance conditions moderate, certainty and good locking characteristics. The unlocking of shares of ZTE's equity incentive plan has played an important role in retaining the company's backbone staff and maintaining the company's sound business development.