九阳叫停低门槛管理股权激励方案（Joyoung halted low threshold management equity incentive program）.doc

九阳叫停低门槛管理股权激励方案（Joyoung halted low threshold management equity incentive program） Introduction of equity incentive for less than half a year (incentive topic): Joyoung days before the announcement that the self disclosure of equity incentive draft so far, the macroeconomic situation and the internal external implementation environment has greatly changed. First of all, in the scope of equity incentive targets, the company does not cover the new introduction of complex management, technical and sales backbone. Second, the deposit reserve ratio and interest rates have been raised many times, resulting in a significant increase in the cost of buying restricted shares, which has made it difficult for the company to implement a restrictive stock incentive plan in 2011. In view of the above reasons, the company believes that the continued implementation of the plan will likely harm its interests. Joyoungs strong stake plan, introduced in February 14th this year, is called the Valentines Day gift in the industry. The meaning of a gift is that you dont need a high threshold to get it. At the time, Joyoung decided to launch a restricted stock incentive program for 246 backbones in a targeted issue of 4 million 260 thousand new shares. The program provides that as long as the companys net profit rose by 5% in 2011, rose by 6% in 2012 and rose by 7% in 2013, the incentive object will be able to easily obtain incentive stock. In addition, in addition to the exercise of conservative conditions, the 7.59 yuan / share issue price and the suspension before the 16.39 yuan / share price gap is particularly evident. Such a pricing approach, compared with some other companies launched equity incentive program, discounts are much greater. At that time, insiders pointed out that, and other companies harsh exercise program compared to Joyoungs program is only sweet, no burden. For these stock incentive target, net profit is only 7% of the highest growth rate indicates that the incentive o