Shanghai Jahwa As Chairman Of The "Tailored" Incentive Plan

Today, Shanghai Jahwa issued a notice entitled "the long term incentive plan for the chairman in 2014". Just like the name of the notice, there is only one person to be encouraged this time, that is, Xie Wenjian, the chairman of the company.

Specifically, the incentive tool used in the scheme. Stock appreciation rights It is a kind of virtual stock appreciation rights, it is a right that the company gives the reward object, does not buy and sell the stock practically, only simulates the stock market price change. Within the prescribed time period, the holder can get the difference between the exercise price and the execution price paid by Jahwa in Shanghai, which is actually a cash reward. The value added tool used in the incentive scheme is the A stock of Shanghai Jahwa, which is the virtual underlying stock. The difference between the exercise price and the execution price is paid in cash by the company. The difference is the reward quota.

According to the incentive scheme, Shanghai Jahwa The value added power to be awarded to Xie Wenjian, chairman of the board, is awarded in three years and three periods, of which 484 thousand and 700 value added rights are granted in the first phase, and the number of awards in the second and third periods will be decided by the board of directors. The exercise price of the first term stock appreciation rights is 34.4 yuan / share.

The notice shows that if the first interest is effective, the operating income of the company will grow at an annual rate of not less than 16% in the 2014 year, and the second period will become effective. The operating income of 2015 will grow at a rate of not less than 18% a year. The third period will come into effect, and the growth rate of revenue in the 2016 year will not be lower than 20%.

From the long-term reward scheme announced by Jahwa today in Shanghai, it is in fact a general reward. stock right The incentive scheme is very similar. The biggest difference is that the incentive target is only one person, and it is not a stock, but a value-added right that is actually a cash reward. In fact, the award scheme put forward by Jahwa in Shanghai is also very rare in the history of A shares and has attracted wide attention from all parties.

Reporters noted that Shanghai Jahwa adopted such incentives, there may be some special reasons. According to media reports, Xie Wenjian, chairman of the board of directors, said at the recent annual general meeting that he held an American passport and could not hold A shares.

As we all know, Xie Wenjian, who is currently the chairman of Shanghai Jahwa, is actually in danger when Ge Wenyao left. The background of President Xie Wenjian, President of Johnson Medical China, has aroused the expectations of all sides, and has also aroused interest among all parties. The announcement shows that the remuneration of Xie Wen Jian, chairman of Shanghai Jahwa, is made up of three parts, namely, fixed annual salary + annual reward + long term reward, of which the annual reward part is linked to the achievement of the company's business objectives, and the long term reward is linked to the company's current and long-term business objectives. However, since Xie Wen Jian took office only at the end of 2013, his final salary could not be confirmed for the time being.