Guangwei Composite Materials: Set a four-year net profit doubling target stock incentive plan to show confidence in future growth_Oriental Fortune

　　 Guangwei CompositesOn the evening of April 25th, the “2022 Restricted Stock Incentive Plan (Draft)” and its summary were released. The company plans to launch a stock incentive plan for a total of 138 core backbone personnel, and grant 6.25 million second-class restricted stocks to the incentive objects. Among them, 5 million shares were granted for the first time, and the grant price of restricted shares was 26.67 yuan per share, and 1.25 million shares were reserved for grant.This move will help the company to further establish and improve the company’s long-term incentive and restraint mechanism, attract and retain key personnel, fully mobilize their enthusiasm and creativity, and effectivelyshareholderthe company and the core team’s tripartite interests are combined.

　　announcementIt shows that the number of restricted shares to be granted to the incentive objects in this incentive plan is 625 shares, accounting for 1.21% of the company’s total share capital of 518.35 million shares. Among them, 500 restricted shares were granted for the first time, and 1.25 million restricted shares were reserved. The restricted shares granted for the first time shall be vested in four phases after 12 months from the date of grant, and the vesting ratio of each phase shall be 25%, 25%, 25% and 25% respectively; If the grant is granted before the disclosure of the third quarter report, it will be vested in four phases after 12 months from the reserved grant date, and the vesting ratios of each phase are 25%, 25%, 25%, and 25% respectively; reserved restricted stocks If the grant is granted after the company’s 2022 third quarter report is disclosed, it will vest in three phases after 12 months from the reserved grant date, and the proportion of vesting in each phase is 30%, 30%, and 40%. The grant price for the first grant of restricted shares in the incentive plan is 26.67 yuan per share, that is, after meeting the granting conditions and vesting conditions, the incentive objects can purchase company shares at a price of 26.67 yuan per share.

According to the incentive planperformanceIndicators set to 2021net profitAs the base, the company’s target growth rate of net profit from 2022 to 2025 is 15.00%, 40.00%, 70.00%, and 100.00%, respectively, and the trigger values ​​are 10.00%, 35.00%, 60.00%, and 90.00%, respectively. It fully reflects the company’s confidence in future performance growth.

The company stated that, as a high-tech enterprise engaged in the research and development and production of high-performance carbon fiber and composite materials, the company is currently one of the leading enterprises with the most complete production varieties, the most advanced production technology and the most complete industrial chain in the domestic carbon fiber industry. With the rapid development of the industry and the continuous expansion of application fields, higher requirements have been placed on the company’s technology research and development work, talent team, and management level. This time, it is planned to attract and retain core backbones through the implementation of this restricted stock incentive plan, give full play to their enthusiasm and creativity, and further promote the continued stable and rapid development of the company’s overall operations and safeguard the interests of shareholders. The setting of the performance indicators of the incentive plan is formulated in combination with the company’s current situation, future strategic planning and industry development and other factors. The enthusiasm of the employees can also focus on the company’s future development strategy and achieve stable business goals, which fully reflects the company’s confidence in future performance growth.

(Article source: ChinasecuritiesReport · China Securities Network)

Article source: China Securities Journal China Securities Network

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Original title: Guangwei Composite Materials: Set a four-year net profit doubling target stock incentive plan to show confidence in future growth