Ruo Yuchen receives a letter of concern: Does the equity incentive plan convey benefits in disguised form to management and other relevant personnel?

Summary

[Ruo Yuchen receives the letter of concern: whether the equity incentive plan conveys benefits to the management and other relevant personnel in disguised form]Ruo Yuchen received the letter of concern issued by the Shenzhen Stock Exchange, asking the company to consider the feasibility of this equity incentive plan and whether it is conducive to The sustainable development of the listed company, the rationality of the relevant pricing basis and pricing methods, etc., indicate whether there is any situation in this equity incentive plan that transfers benefits to the company’s management and other relevant personnel in disguised form, and damages the interests of the listed company and shareholders. (Interface News)


  Wakaba OmiOn May 27, I received a letter of concern issued by the Shenzhen Stock Exchange.It is reported that on May 26, the company disclosed the “2022 Stock Option Incentive Plan (Draft)”. The incentive plan adopted by this incentive plan is stock options. The exercise price of the stock options granted for the first time is 13.59 yuan per share, which is not lower than Draft of this incentive planannouncement70% of the average trading price of the company’s stock in the first 60 trading days; and put forward the company-level stock option exercise conditionsperformanceassessment objectives.

The company will be attributable to a listed company in 2021shareholderofnet profit29.1951 million yuan, net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses of 19.2926 million yuan.Letter of Concern RequestWakaba OmiAccording to the above-mentioned performance appraisal target net profit caliber, calculate the company’s net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses in 2021, and combine the calculation results with the company’s historical operating conditions, financial data, industry development, and market environment changes in the past three years. and other factors, explain this timeEquity incentiveWhether the setting basis and rationality of the planned performance appraisal objectives can achieve the incentive effect.

At the same time, the exercise price of the stock options granted for the first time by this incentive plan shall not be lower than 70% of the average trading price of the company’s stock in the 60 trading days prior to the announcement of the draft incentive plan.The letter of concern requires the company to combine thisEquity incentiveThe feasibility of the plan, whether it is conducive to the sustainable development of the listed company, the rationality of the relevant pricing basis and pricing method, etc.Equity incentiveWhether there is any disguised transfer of benefits to the company’s management and other relevant personnel in the plan, which damages the interests of the listed company and shareholders.

(Article source: Interface News)

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