On May 25, 2021, Great Wall Car officially released “Great Wall Auto Co., Ltd. 2021 Stock Option Incentive Plan (Draft)”, “Great Wall Auto Co., Ltd. 2021 Restricted Stock Incentives”, intend The 8,784 excitation objects were granted 397,100.1 million, and the restricted stocks were granted 4,3184,000 shares to no more than 586 incentives.
As of now, the Great Wall Auto 2020 and 2021 two equity incentives have been granted 10,669 people, accounting for 16.89 percentage of total number of employees of corporate employees. Great Wall A car aims to form a new “Interest Community” by building an innovative long-term incentive mechanism, effectively promoting employees to transform the “partner” to “partner”, and promote the long-term business Stable development.
Covered more incentive objects account for 16.89% percentage of total employee
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Compared to the first equity incentive plan released by Great Wall Motor, the second phase of equity incentives of this release is broader, and the number of incentives and stock options has increased significantly, but sales target weights. Improve, assessment goals are more challenging.
The second phase of equity incentives use the incentive tools for stock options and restricted stocks, stock sources for Great Wall Automotive to the company A-share ordinary stock stock, the first grant proportion of 80%, Reserved 20%.
Among them, it is proposed to grant 39, 7101 million parts of the stock option, and the total number of company shares when the draft excitation plan is announced. 4.317 percentage, incentive targets 8,784; proposed to incentive target restricted stocks 4,3184,000 shares, accounting for 0.469 percentage of the total number of company shares when the draft incentive plan is announced, and the excitation target does not exceed 586 people. According to two draft projects, the incentive object included senior management personnel in Great Wall, the company’s controllingSubsidiary directors and senior management, company (including controlled subsidiaries) middle management personnel and core technology (business) backbone. The annification year of the incentive plan is 2021-2023, and the sales assessment target is 149/190/2 million, respectively, and the net profit assessment target is 68/82/1.15 billion, respectively.
It is reported that the 2021 equity incentive plan released by the Great Wall Motor will be in its company shareholders, A Shares and H shares shareholders’ meeting reviewed after adoption.
According to the draft plan, the purpose of the Great Wall Motors launched this incentive program is to further establish, improve operational mechanism, establish and improve the company and senior management personnel, middle management personnel, and core technology (business) backbone incentive constraint mechanism, Form “Interest Community”, which promotes continuous, steady and rapid development of Great Walls in many ways. 
Great Wall Auto 2021 Wisdom Factory Marathon Executive Run
Setting challenge targets, Great Wall car also gives the new pressure and power of the incentive, not only helps to enhance the company’s competitiveness, but also help to mobilize the enthusiasm and creativity of the company’s management and core backbone personnel, ensuring the company’s future development strategy and operation The implementation of the goal is to create a more lasting and rich return for shareholders.
At the same time, large-scale equity incentives, stepped travel programs, and reserved 20% stock options and restricted stocks, also help Great Wall cars attract more excellent management talents and business backbone. Joining, Energy Great Wall Motors absorbed global outstanding talents in various fields, further meeting the huge demand for the core technical talents and management talents, thus inspiring corporate innovation, and injected new motivation for the continued rapid development of enterprises.
In recent years, Great Wall Motors continue to promote talent innovation development, through breaking the qualifications, identifying talents in the war, In the actual combat, the cadres were selected and a batch was enabled.Young senior management, and launched the “Ten People Plan” and “Global Talents Live Water Plan” to create a fair exchange mechanism, allowing employees to get diversified growth opportunities, making companies and individual more dynamic and combat.
The second phase of stock options and restricted stock incentives have been released, indicating that Great Wall cars condense a group of strugglers and careers with common values, and promoting the company’s long-term steady development, achieving interests of all shareholders determination. In the future, I believe that under the blessing of long-term incentive mechanisms, Great Wall Motors will continue to deepen transformation, and accelerate to “Global Technology Travel Company”.