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 incentive plan (draft) “It is intended to grant 39,7101 million to 8,784 incentives, respectively, to 1,3184,000 shares of restrictive stocks to no more than 586 incentives.
As of now, Great Wall Motors 2020 and 2021 two equity incentives have been granted to total number of people with 10,669 people, accounting for 16.89 percentages of total 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.
The excitation effort is larger, and the cover surface is broader incentive to the total employee ratio 16.89 percentage
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, and the stock source is a company A-share ordinary stock stock that is issued by Great Wall Automotive. First award The proportion is 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 objects 8,784; proposed to incentive target restriction stock 4,3184,000 shares, accounting for 0.469% percentage of the total number of company shares when the incentive plan announcement, the incentive object does not exceed586 people.
According to two draft plans, the incentive object included senior management of the Great Wall Auto, the company’s controlling subsidiary directors and senior management personnel, the company (including the company’s subsidiary) Managers 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.
To build “Interest Community” to boost enterprises sustainable development
It is reported that the 2021 equity incentive plan released by the Great Wall Motor will be The Company’s shareholders’ meeting, A share and H shares shareholders meeting were reviewed.
According to the draft plan, the purpose of the Great Wall Motor launched this incentive program is to further establish, improve business mechanism, establish and improve the company and senior management personnel, middle management personnel, and core technology (business) ) The backbone incentive constraint mechanism forms “interest community”, which promotes continuous, steady and rapid development of the Great Wall car from many aspects.
Great Wall Motor 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 To manage talents and business backbone, Energy Great Wall Motors absorb global outstanding talents in various fields, further meet the huge demand for the core technical talents and management talents, thus stimulating corporate innovationForce, inject new motivation for the continued rapid development of the enterprise.
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 group of young senior executives was launched and launched the “Ten People Plan” and “Global Talents Live Water Plan” to create a fair exchange mechanism, allowing employees to gain a diversified growth opportunity to make the company and Personally more energetic and combat power.
The second phase of stock options and restriction stock incentives have shown that Great Wall cars are condensed a group of times of strugglers and careers with common values, and promote the company’s long-term steady development. Realize the determination of all shareholders’ interests. 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”.
