Bosideng launch equity incentive to promote long-term development
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On August 8, Bosideng International Holdings Co., Ltd. (stock code: 3998) held the equity incentive reform meeting to educate the management personnel including the directors and senior executives of the company, who have made significant contribution and influence to the overall performance and sustainable development of the Company. Core technology 66 motivated individuals, including employees and business leaders, granted restricted shares. Bosideng has amended and granted a total of 180.9 million share options pursuant to the Share Award Scheme and the relevant Grantee shall pay HK $ 0.33 per Award Share, representing the first five trading days immediately prior to the date of grant, the daily statements issued by the Stock Exchange Report 50% of the average closing price of HK $ 0.66 per share. The Award Shares represent approximately 2.04% of the total number of issued shares (ie, 8.8476798 billion shares) as at the Announcement Date. In addition, Bosideng further granted a total of 180.9 million share options under the Share Option Scheme to the above 66 participants. The Options will entitle the Grantee to subscribe for a total of up to 180.9 million new Shares, representing approximately 2.04% of the total number of Shares in issue (ie 88.47698 billion shares) as at the date of this announcement and the Shares enlarged by the issue of new Shares upon exercise of all options The total number (ie 90.28598 million shares) of about 2.00%. Subject to reaching the vesting criteria and conditions, the Incentive Target will then be able to subscribe for one Share of HK $ 0.71. The exact number of share options granted to each grantee shall be the same as the number of award shares accepted and paid by the grantee. In 2016, Bosideng proposed "4 + 1" development strategy of "Bosideng Brand Remodeling, Strategic Transformation of Snow in Flight, Group E-commerce and Internationalization Strategy" and Organizational Mechanism Reform, guided by "Satisfying Customers and Internal and External Customers" , To create an international integrated brand operating platform. Reorganized and positioned each brand and business of the Group and adjusted its operation and management structure so as to clarify the responsibilities, rights and benefits of all project teams and promote the realization of the long-term strategic goals of the Group. Bosideng Chairman Gao Dekang said equity incentive reforms reflect the company's shared interests and win the future of the determination, is conducive to the company's innovative operating mechanism, to share interests, authorize the decentralization of business partners to stimulate entrepreneurial innovation wisdom and ability to attract and gather more The sharing of many excellent talents and the company's benefits and the sharing of risks enable the internal and external employees in the enterprise to share the development achievements and help the Company achieve the medium and long-term strategic goals. In the future, we will continue to create win-win situations and share mechanisms to expand equity reform and equity incentive at all levels. High Dekang hope management team change their thinking, and constantly strengthen the sense of ownership and sense of mission, always corporate identity as a corporate self-examination, the interests of the company, to the boss mentality. At the same time, lead by example with a team to inspire the team and the company's entrepreneurial enthusiasm and enthusiasm, practical hard work, innovation and change, and business growth together to create a more development platform and more wealth value.