Baolijia announced the release of the 2021 restricted stock incentive plan (draft), the number of restricted shares to be granted is 1.802 million shares, accounting for 2 per cent of the total share capital of the company on the date of the draft announcement. Of these, 1.5875 million restricted shares were granted for the first time and 214500 restricted shares were reserved for grant. The incentive program awarded a total of 45 people for the first time.
The chairman of the company is Yang Wenyu. Mr. Yang Wenyu: born in 1960, Chinese nationality, Canadian permanent resident card, college degree, military service in the 92nd Regiment of Taian, Shandong Province, from December 1978 to October 1984; driver of Qixia County Automobile team from November 1984 to October 1986; workshop director of Qixia County first Plastics Factory from October 1986 to December 1992; General Manager of Yantai Development Zone Yugang Cable material Co., Ltd., from January 1993 to July 2001. Since August 2001, he has been the chairman and general manager of the company. Since August 2001, he has been the Executive Director of Shanghai Ruile New Materials Co., Ltd.; from May 2015 to the present, he has been the Executive partner of Shanghai Yucai Investment Partnership (Limited Partnership). He served as the Executive Director of Qixia Yugang Cable material Co., Ltd.
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