Kirin Shinan (688152.SH) issued an announcement, according to the “2023 Annual Performance Forecast” disclosed by the company on the same day...
Zhitong Finance App News, Kirin Xinan (688152.SH) issued an announcement. According to the “2023 Annual Performance Forecast” disclosed by the company on the same day, the company's operating conditions failed to meet the performance assessment targets for the first vesting period set by the current incentive plan. At the same time, given that the internal and external environment faced by the company's operations has changed greatly compared to when the company formulated this incentive plan, the company's stock price has fluctuated greatly, and there is also great uncertainty about the company's expected performance assessment goals for the remaining vesting period. If the incentive plan continues to be implemented, it will be difficult to achieve the expected incentive goals and results, which is not conducive to fully mobilizing the enthusiasm of the company's core team.
In order to fully implement effective incentives for employees and protect the interests of the company, employees and all shareholders, after careful research, the company decided to terminate the implementation of this incentive plan in order to benefit the long-term development of the company and protect the enthusiasm of the core team. The supporting documents such as the “2023 Restricted Stock Incentive Plan (Draft)” and “2023 Restricted Stock Incentive Plan Implementation Assessment Management Measures” were also terminated.