Hongli Optoelectronics launched a draft equity incentive to cover more than 30% of employees

"G20-LED Summit member companies" Hongli Optoelectronics (300219) released stock options and restricted stock incentive plans (draft) and abstracts on the evening of the 19th. The plan includes two parts: the stock option incentive plan and the restricted stock incentive plan. Its stock source is the company's targeted issuance of new shares to incentive targets. The total amount of equity to be entrusted to this incentive plan is 8.5 million, which is about 3.46% of the total share capital of the company at the time of signing this incentive plan of 245,466,000.

Stock Option Incentive Plan: The company intends to grant 752.98 million stock options to the incentive targets, accounting for 3.06% of the company's total share capital of 24,546,600 shares at the time of the incentive plan. Among them, the initial grant of stock options was 7.029 million, accounting for 2.86% of the company's total share capital when the incentive plan was signed. Reserve 500,000 stock options, reserve stock options accounted for 5.88% of the total equity granted by the incentive plan, accounting for 0.20% of the company's total share capital when the incentive plan was signed. The exercise price of the stock option granted in the first period is 7.97 yuan.

Restricted Stock Incentive Plan: The company intends to grant 970,200 restricted stocks to the incentive targets at one time, accounting for 0.40% of the company's total share capital of 245,466,000 shares at the time of the signing of the incentive plan, and the grant price is 3.79 yuan per share.

The incentives for the plan include the company's directors, senior management, middle management personnel (including holding subsidiaries) and the core backbone (including holding subsidiaries) that the company believes have a direct impact on the company's sustainable development, excluding the company's independent directors and supervisors; It also does not include major shareholders or actual controllers holding more than 5% of shares and their spouses and immediate close relatives. The total number of incentives granted by the plan is 378, accounting for 33.25% of the total number of employees registered on the company as of November 30, 2013.

This incentive plan is valid for 48 months from the date of grant of the first term. If the stock option and restricted stock granted in the first period meet the exercise/unlock condition after 12 months from the grant/authorization date, the incentive object can be 30% in the next 36 months: 30%: 40% Three-phase exercise/unlocking; reserved stock options that meet the exercise conditions after 12 months from the date of grant of the part, the incentive object can be divided into two periods by 50%: 50% in the next 24 months. Exercise right. The unlocking conditions are based on the 2013 results. In 2014, 2015 and 2016, the company's operating income growth is not less than 25%, 50% and 85% respectively; net profit growth is not less than 55%, 80% and 110%.

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