Changan Automobile said that the first grant price of some restricted shares was 6.66 yuan per share; Before each grant of reserved restricted shares, the board of directors shall be convened to consider and pass relevant proposals, and the reserved grant shall be disclosed. The grant price of reserved restricted shares shall not be lower than the face value of the shares and shall not be lower than 50% of the fair market price.
According to the draft, the main performance unlocking conditions of the above-mentioned incentive plan are: based on the net profit of 20 19, the compound annual growth rate of net profit of 202 1 is ≥50% and the return on net assets in that year is ≥1.7%; In 2022, the compound annual growth rate of net profit is ≥42%, and the return on net assets is ≥ 4.8%; In 2023, the compound annual growth rate of net profit is ≥32%, and the return on net assets is ≥5.5%. At the same time, the above indicators shall not be lower than the average level of the same industry or the 75th percentile of benchmarking enterprises, and the annual △EVA is positive.
As early as 20 16, Changan Automobile launched the stock option incentive plan for the first time, and awarded 31225,000 stock options to no more than 2 10 directors, senior managers and core personnel, accounting for about 0.67% of the total share capital, with the exercise price of 14.58 yuan. The key performance unlocking conditions are: based on the net profit of 20 10092 million yuan, the average annual net profit growth rate of 20 17-20 19 is ≥2%, and the return on net assets is ≥ 15%, which is not lower than the industry average. Later, due to the continued downturn in the auto market, the performance was not up to standard, which led to the inability to exercise rights.
In addition, Changan Automobile also announced that the board of directors appointed Zhu Huarong as the company's president. Nominated by the President, Yuan Mingxue was appointed as the executive vice president of the company, Liu Bo, He Chaobing, Li Wei, Tan Benhong and Liu Zhengjun were appointed as the executive vice presidents, Zhang Deyong was appointed as the chief accountant, and Zhao Fei, Chen Wei and Li were appointed as the vice presidents of the company. Wang Jun, deputy secretary of the Party Committee of the Company, and Hua Biao, secretary of the Discipline Inspection Commission, were agreed to serve as senior managers of the Company. Due to the need of work, Li Jun was appointed as the secretary of the board of directors of the company upon the nomination of Chairman Zhu Huarong.