人力資源論文之股權(quán)激勵(lì)英文版

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2、0扒6隘-霸08原文稗Managem矮ent of 氨listed 挨compani般es in e佰quity-b班ased in八centive氨s矮CHAPTER阿 I壩General吧 芭Article版1. 氨To furt吧her pro藹mote th伴e estab擺lishmen熬t of a 奧listed 啊company氨, a sou跋nd ince跋ntive a啊nd rest半raint m拔echanis啊ms, acc百ording 哀to Peo暗ples R按epublic矮 of Chi敗na Comp捌any Law瓣, the阿 Securi背ti

3、es Ac啊t of Pe凹o(jì)ples 唉Republi啊c of Ch百ina an昂d other哎 releva罷nt laws稗 and ad壩ministr安ative r爸egulati把ons, th捌e devel胺opment 爸of this懊 approa暗ch. 拌Article靶2. 愛The ter藹m refer班s to sh百ares of靶 listed扮 compan懊ies inc礙entives案 to the礙 compan襖ys sha吧res bei盎ng the 板subject昂 of its懊 direct把ors, su背perviso敖

4、rs, sen懊ior man芭agement隘 and ot跋her sta稗ff to c班arry ou愛t long-跋term in扒centive岸s. List傲ed comp扮anies t唉o be re胺stricte絆d stock壩, stock啊 option叭s and t佰he laws捌 and ad霸ministr扳ative r哎egulati安ons to 絆allow t笆he impl安ementat挨ion of 疤other m白eans of稗 equity絆 incent跋ive pla壩ns, the叭 applic藹ation o搬f th

5、e p藹rovisio案ns of t澳his app哀roach. 疤Article暗3.隘 板Listed 疤company礙s equi哀ty ince愛ntive p叭lan imp隘lementa岸tion, i啊t shoul扮d be in拜 line w昂ith the骯 laws a岸nd admi艾nistrat傲ive reg澳ulation絆s, the 拌methods澳 and th吧e provi襖sions o懊f the A佰rticles跋 of Ass矮ociatio靶n and i埃s condu巴cive to岸 the su斑stainab霸le d

6、eve皚lopment芭 of lis拌ted com藹panies,伴 and mu挨st not 骯harm th斑e inter氨ests of昂 listed阿 compan捌ies. Di邦rectors皚 of lis巴ted com白panies,哎 superv癌isors a藹nd seni擺or mana爸gers in拜 the im壩plement稗ation o爸f equit唉y incen矮tive pl捌ans sho胺uld be 襖honesty跋 and tr埃ustwort熬hiness,敗 dilige傲nce, an版d safeg絆uard th鞍

7、e inter吧ests of巴 all sh白arehold拔ers. 安Article艾4. 叭Listed 絆compani癌es to i頒mplemen案t equit暗y incen拌tive pl版an shou稗ld be i艾n stric耙t accor邦dance w吧ith the靶 releva盎nt prov版isions 敗and req搬uiremen耙ts of t埃his app按roach t叭o infor奧mation 哀disclos阿ure obl八igation般s to fu瓣lfill. 埃Article爸5. 俺For lis拔ted co

8、m埃panies 礙issued 扮equity 埃incenti俺ve plan拔 views 壩of prof捌essiona扳l bodie把s, shou奧ld be h芭onesty,熬 trustw板orthine笆ss, dil搬igence,版 to ens隘ure tha藹t the d板ocument靶 issued埃 by tru版e, accu稗r(nóng)ate an昂d compl笆ete. 版Article拔6.般 扮No pers埃on shal凹l make 辦use of 岸equity 澳incenti頒ve plan壩s insid背er trad骯ing, pr

9、啊ice man邦ipulati扒on of s皚ecuriti艾es tran罷saction啊s and s芭ecuriti邦es frau愛d.案Chapter骯 II 瓣General阿 provis艾ions 扒Article奧7. 邦Listed 吧compani鞍es, one昂 of the敖 follow斑ing cir捌cumstan版ces sha艾ll be t般he impl癌ementat柏ion of 氨equity 安incenti盎ve plan背s: (a) 伴In the 半last fi笆scal ye吧ar a fi跋nancial瓣 accoun疤t

10、ing re耙port ne版gative 邦opinion板 issued把 by a c昂ertifie捌d publi矮c accou般ntant t按o expre拌ss an o阿pinion 絆or are 骯unable 胺to audi皚t repor隘ts; (b)班 the re般cent ma擺jor vio邦lations骯 during叭 the ye佰ar due 襖to irre白gularit背ies by 班the Chi半na Secu拜rities 斑Regulat百ory Com啊mission捌 to be 吧an admi把nistrat澳ive p

11、en邦alty; (胺c) of t百he Chin板a Secur搬ities R奧egulato氨ry Comm辦ission 耙finds t埃hat the背 other 擺cases. 版Article案8. 澳Equity 伴incenti板ve plan哀 target拌 of inc鞍entives熬 may in耙clude t熬he dire扳ctors o哀f liste俺d compa柏nies, s捌upervis百ors, se吧nior ma阿nagemen傲t, the 阿core te把chnolog板y (busi疤ness), 扮as well皚 as c

12、om扒panies 版that sh隘ould in鞍spire o哀ther em板ployees礙, but i吧ndepend阿ent dir愛ectors 啊should 骯not be 俺include案d. The 皚followi跋ng ince耙ntives 奧may not辦 be the霸 object拜: (a) I愛n the l疤ast 3 y跋ears by奧 stock 半or anno半unce pu搬blicly 邦condemn扮ed as i昂napprop澳riate c俺andidat癌es; (b)翱 the la背st 3 ye稗ars due啊

13、to maj挨or viol昂ations 捌of law 般violati襖ons by 暗the Chi唉na Secu矮rities 芭Regulat辦ory Com俺mission背 to be 吧of an a隘dminist啊rative 矮penalty鞍; (iii)板 Peopl版es Rep辦ublic o氨f China矮 Compan鞍y Law 耙shall b凹e provi傲ded as 奧the com哀panys 澳directo白rs, sup暗ervisor昂s, seni跋or mana艾gement 把situati絆ons. Eq稗uity in辦c

14、entive埃 plan f懊or cons疤iderati耙on by t唉he boar矮d of di澳rectors盎, board案 of sup佰ervisor八s of li白sted co斑mpanies壩 should昂 be to 敖verify 艾the lis罷t of in胺centive按s, and 斑to veri懊fy the 白situati耙on to b拜e in th八at gene哀ral mee爸ting of盎 shareh班olders.伴 疤Article搬9.霸 半Incenti敗ve for 疤directo佰rs, sup百erviso

15、r癌s, seni絆or mana安gers of傲 listed邦 compan背ies sho搬uld est澳ablish 扒a perfo盎rmance 懊apprais稗al syst芭em and 笆assessm靶ent met百hods, i胺ndicato爸rs for 拔perform阿ance ap巴praisal襖 plan f拜or the 罷impleme爸ntation爸 of the傲 condit安ions of板 equity唉-based 霸incenti芭ves. 版Article艾10.芭 癌Listed 唉compani盎es will瓣 not b

16、e阿 allowe岸d to st頒imulate胺 the ta斑rget eq澳uity in岸centive柏 plan i奧n accor襖dance w傲ith the拔 rights昂 of acc埃ess to 皚loans, 爸as well伴 as any昂 other 礙form of班 financ安ial ass耙istance敖, inclu哎ding pr絆oviding唉 securi傲ty for 疤their l埃oans. 唉Article叭11. 扒To the 把impleme搬ntation皚 of equ礙ity inc襖entive 罷plans

17、o半f liste哎d compa半nies, b阿ased on唉 the ac挨tual si啊tuation頒 of the按 Compan芭y, thro安ugh the皚 follow芭ing sou案rces to靶 resolv皚e the s氨ubject 白o(hù)f shar岸es: (i)辦 object胺 to the盎 incent壩ive to 皚issue s俺hares; 敖(b) rep懊urchase笆 the sh霸ares of埃 the Co鞍mpany; 壩(c) the哎 laws a把nd admi敗nistrat敖ive reg芭ulation襖s

18、to al吧low the岸 other 埃way. 俺Article懊12. 壩All lis斑ted com白panies 艾effecti罷ve equi熬ty ince安ntive p熬lan inv矮olved b藹ringing拌 the to胺tal num跋ber of 翱shares 唉the sub盎ject co靶mpany s扮hall no霸t excee皚d 10% o鞍f the t百otal sh爸are cap霸ital. N霸on-shar版eholder斑s gene按ral mee扮ting ap吧proved 昂a speci百al reso俺luti

19、on 般of any 把object 白through癌 a full絆 and ef搬fective埃 incent敖ive equ佰ity inc奧entive 吧plan of扒 the Co案mpany g拔ranted 扳a total俺 stock 挨equity 瓣of the 拌company矮 shall 壩not exc安eed 1% 暗of the 捌total. 班First p癌aragrap扒h of th襖is arti跋cle, se癌cond pa巴ragraph耙 referr翱ed to t跋he tota礙l share安 capita案l refer翱

20、s to th笆e most 班recent 斑general擺 meetin奧g of sh絆arehold礙ers app芭roved e拜quity i敖ncentiv隘e plans扳 of the啊 compan唉ys iss半ued sha癌re capi搬t(yī)al of 啊the tot扳al. 邦A(yù)rticle扒13. 懊Listed 般compani唉es shou辦ld be i暗n the e般quity i骯ncentiv盎e plan 凹o(jì)n the 百followi襖ng matt稗ers or 拔stateme巴nts mad氨e clear礙 that: 背(i)

21、 the澳 purpos板e(cuò) of eq壩uity in岸centive稗 plans;翱 (b) ba艾sed on 斑incenti扮ve to i艾dentify癌 the ob把ject an艾d scope瓣; (c) t按he equi佰ty ince霸ntive p拜lan to 阿grant t吧he righ辦ts and 笆interes疤ts of t拌he numb挨er of i阿nvolved敗 in the吧 subjec藹t of st藹ock sou案rces, t搬ypes, q礙uantity柏 and eq隘uity of昂 listed埃 compan

22、擺ies acc氨ounted 頒for a p拔ercenta伴ge of t斑h(yuǎn)e tota襖l; if a安t times翱 the im熬plement捌ation o伴f each 拌of the 柏rights 板and int埃erests 昂to be g柏ranted 壩the num隘ber of 爸shares 背involve邦d in th俺e type 擺of subj柏ect, so爸urce, v八olume a昂nd acco背unted f吧or the 傲total e礙quity o壩f liste敖d compa耙nies pe挨rcentag扳e;

23、(d) 霸incenti愛ves for佰 direct跋ors, su挨perviso背rs, sen背ior man按agement搬 and th斑eir res扳pective矮 rights礙 and in安terests靶 to be 扒given t爸he numb哀er of, 扳or equi扮ty ince傲ntive p巴lan to 辦grant t矮he righ班ts and 奧interes熬ts of t芭he perc礙entage 百of the 扒total; 白o(hù)ther i礙ncentiv捌es obje伴cts (or俺 their 罷appropr

24、敖iate cl哀assific搬ation) 藹may be 矮delegat岸e repre壩senting罷 the in藹terests奧 of the版 quanti板ty and 昂equity 敖incenti般ve plan昂 to gra氨nt the 案rights 拔and int傲erests 傲of the 半percent藹age of 搬t(yī)he tot藹al; (e)熬 the va哀lidity 懊of equi叭ty ince暗ntive p拔lans au皚thorize芭 the da班ys, rig埃ht feas瓣ible, t礙he subj皚ect

25、 of 柏stock l艾ock-up 敖period;八 (f) th佰e grant疤 of res隘tricted跋 stock 八price o班r Deter伴minatio隘n of gr奧ant pri挨ce, the阿 stock 柏option 捌exercis襖e price啊 or exe絆rcise p安rice de扳termina傲tion; (背g) auth氨orized 板the tar絆get inc哎entive 澳benefit頒s, the 愛right c拜onditio吧ns, suc耙h as pe盎rforman跋ce appr癌aisal s

26、版ystem a盎nd asse矮ssment 稗methods盎, and t氨o perfo叭rmance 奧apprais柏al indi藹cators 八for the礙 implem伴entatio霸n of eq氨uity-ba柏sed inc罷entives百 scheme埃; (h) e擺quity i捌ncentiv奧e plan 哀rights 爸and int絆erests 伴involve佰d in th案e numbe凹r of th扮e targe八t amoun跋t of sh隘ares, e耙xercise藹 price 靶or gran百t price壩 ad

27、just半ment me板thods a艾nd proc捌edures;耙 (i) th辦e right壩s and i埃ncentiv熬es gran跋ted the捌 right 藹of the 傲target 愛line pr瓣ocedure稗s; (10)佰 Compan背y and e半ncourag般ement o奧f their胺 respec唉tive ri壩ghts an拌d oblig盎ations 哀of the 隘object;隘 (xi) c案hanges 按in cont爸rol of 扳the com唉pany, m扮erger, 辦separat叭ion, jo

28、安b chang奧e occur埃red inc吧entive 翱target,氨 separa搬t(yī)ion, d半eath ma按tter ho俺w the i耙mplemen拜tation 熬of equi瓣ty ince熬ntive p岸lans; (八xii) ch百anges i扳n equit扳y incen霸tive pl白an, ter挨minated邦; (xiii礙) other傲 import跋ant mat傲ters. 傲Article熬14.擺 啊Occurre澳nce of 案a liste按d compa矮ny in A絆rticle 氨VII of 吧this a

29、p百proach 辦to one 稗of the 疤cases, 拔should 敖put an 霸end to 艾the imp巴lementa背tion of鞍 equity癌 incent吧ive pla凹ns, may般 not ob芭ject to艾 the in佰centive百 to con爸tinue t板o grant扳 new ri叭ghts an百d inter斑ests of骯 the ta擺rget in八centive版 under 拌the equ伴ity inc跋entive 拌plan ha扳ve been案 grante叭d but n跋ot yet 頒ex

30、ercis伴ed by t暗he exer稗cise of挨 the ri安ghts an凹d inter背ests sh俺ould be埃 discon擺tinued.邦 Equity隘 incent艾ive pla挨ns in t疤he impl癌ementat凹ion pro阿cess of澳 this a敖pproach傲 motiva叭te the 耙target 奧appears鞍 in Art斑icle VI凹II shal鞍l(fā) not b盎e the c疤ase the唉 object扳 of inc壩entives案, the l斑isted c岸ompanie斑s shal

31、l氨 contin頒ue to g辦rant th唉e right鞍s and i班nterest凹s, and 絆its has哀 been g白ranted 暗but not稗 yet ex按ercised熬 by the熬 exerci盎se of t安he righ礙ts and 百interes八ts shou巴ld be d暗isconti哀nued. 案Article唉15. 敗Target 芭incenti敖ve to t癌ransfer疤 their 瓣income 俺through擺 the eq敖uity in扮centive擺 plan s盎hares, 伴it sho

32、u翱ld be i斑n line 昂with re辦levant 霸laws an矮d admin柏istrati隘ve regu八lations癌 and th愛e provi襖sions o般f this 胺approac懊h.罷Chapter稗 III 盎Restric襖ted sto礙ck 拌Article把16. 按The ter絆m incen班tive re拔stricte斑d stock霸 is the搬 object胺 in acc胺ordance凹 with t氨he equi背ty ince壩ntive p疤lan pro巴vides f拌or the 氨conditi跋

33、ons obt奧ained f鞍rom the拜 listed骯 compan霸ies a c般ertain 翱number 搬of shar八es of t邦he Comp愛any. 礙Article伴17. 礙Listed 扮compani板e(cuò)s targ拔et ince芭ntive a斑ward re白stricte頒d stock跋, equit背y incen襖tive pl礙ans sho埃uld be 礙provide凹d for t按he obje胺ct gran翱ted inc盎entive 疤stock p凹erforma敗nce con愛ditions敗, the b芭a

34、n peri藹od. 八Article耙18. 巴Listed 按compani壩es to t伴he stoc氨k marke罷t as a 案benchma俺rk to d壩etermin翱e the p胺rice of吧 restri辦cted st扳ock awa笆rded in霸 the fo矮llowing靶 period霸 shall 稗not obj暗ect to 半the gra埃nt of s佰tock in叭centive氨s: (i) 隘prior t靶o the p凹ublicat笆ion of 笆periodi芭c repor靶ts on t胺he 30th扮; (

35、b) a版 matter罷 of sig佰nifican瓣t trans襖actions熬 or maj搬or deci隘sion-ma壩king pr把ocess t霸o the m瓣atter N挨otice t哎wo days搬 after;霸 (c) Th皚e other鞍 major 搬event t佰hat may澳 affect矮 the sh案are pri罷ce on t矮he date哎 of ann爸ounceme挨nt unti搬l two t阿rading 扮days.芭Chapter矮 IV 巴Stock o佰ptions 氨Article澳19. 岸The ter

36、癌m refer把s to th靶e listi澳ng of s叭tock op熬tions g敗ranted 佰incenti皚ve targ哀ets wit案hin a c扳ertain 跋period 胺of time扳 in the埃 future敗 in ord板e(cuò)r to p扳re-dete拜rmined 拔purchas百e price昂 and co艾ndition盎s of a 俺certain傲 number巴 of sha藹res of 藹the Com吧panys 版rights.耙 Object骯s can b扮e the i伴ncentiv柏e stock爸 opt

37、ion襖s grant拜ed duri傲ng the 凹period 俺specifi邦ed in a唉 pre-de隘termine啊d purch挨ase pri伴ce and 巴conditi班ons of 熬a certa稗in numb癌er of s跋hares o啊f liste笆d compa骯nies ca藹n also 扮give up艾 the ri愛ghts. 皚Target 昂incenti哎ve stoc敖k optio啊ns gran靶ted sha昂ll not 佰be tran靶sferabl疤e or us按ed to g把uarante板e(cuò) repay礙m

38、ent of百 debt. 頒Article澳20. 霸The boa懊rd of d案irector爸s of li疤sted co叭mpanies笆 can be半 consid笆ered in絆 accord懊ance wi癌th the 辦approva拔l of sh奧arehold熬ers of 邦the Gen搬eral As霸sembly 捌of the 跋stock o唉ptions,啊 and de半cided t胺o grant案 a one-靶time or柏 in the八 awardi扮ng of s佰tock op挨tions, 班but out翱 of a t埃

39、otal gr奧ant of 跋stock o班ptions 擺related把 to the哀 subjec罷t of sh瓣ares sh笆all not瓣 exceed霸 the to稗tal amo吧unt of 霸stock o伴ption p般lans of稗 the su耙bject i凹nvolved懊 in the爸 total 板stock. 扮article捌21. 瓣Authori八zed on 奧stock o巴ptions 壩and sto把ck opti敗ons are癌 grante愛d the r靶ight li熬ne on t拜he firs靶t time,

40、柏 the in懊terval 澳between背 not le安ss than搬 1 year拌. 辦Stock o把ptions 唉on the 頒validit吧y of th背e calcu敖lation 扒from th拌e autho辦rizatio翱n may n辦ot exce埃ed 10 y拔ears. 疤article挨22.安In the 斑life of藹 stock 版options爸, liste笆d compa懊nies sh辦ould pr凹o(jì)vide i敗ncentiv擺es targ班et the 稗r(nóng)ight l稗ine in 拔phases.暗 邦Sto

41、ck o頒ptions 把After t鞍he vali懊dity pe哀riod ha頒s been 壩granted疤 the ri伴ght lin板e(cuò) but n罷ot the 澳stock o澳ptions 敗may not芭 be the罷 right 捌line. 背Article埃23斑.唉 拔Listed 岸compani隘es in t案he awar搬d of in氨centive白 stock 爸options拔 when t版he targ啊et shou傲ld be t扒o deter搬mine ex唉ercise 半price o俺r exerc伴ise pri扳c

42、e dete啊rminati凹o(jì)n. Exe跋rcise p斑rice sh靶ould no靶t be le氨ss than扳 the hi班gher of背 the fo把llowing按 prices笆: (i) e埃quity i板ncentiv半e plan 搬prior t拌o the p壩ublicat傲ion of 伴the dra頒ft summ唉ary of 笆the com罷pany tr按ading d盎ay clos安ing pri叭ce of t皚he subj啊ect sha佰res; (b板) the e柏quity i氨ncentiv澳e plan 笆prior

43、 t皚o the p哀ublicat瓣ion of 安the dra矮ft summ疤ary of 敗30 trad癌ing day疤s of th按e compa佰ny aver百age clo骯sing pr礙ice of 半the sub絆ject. 稗Article笆24. 澳Shares 八of list氨ed comp跋anies d矮ue to t爸he subj般ect of 背ex-divi柏dend, d耙ividend藹 or oth俺er reas板ons nee唉d to ad跋just th按e exerc啊ise pri哎ce or t背he numb案er of

44、 s八tock op疤tions, 背stock o隘ption p傲lans in哀 accord叭ance wi暗th the 敖provisi襖ons of 熬the pri礙nciples絆 and wa扮ys to a背djust. 邦The bas阿is of t案he abov鞍e liste懊d compa啊nies th絆e right瓣 to adj熬ust the俺 trip p懊rice or把 the nu唉mber of隘 stock 白o(hù)ptions皚 should按 be mad霸e by th疤e board氨 of dir澳ectors 吧and the安

45、shareh扮olders昂 genera藹l meeti般ng to c辦onsider壩 approv背al of t敖he reso罷lution,扒 or by 矮the sha稗r(nóng)eholde半rs of t癌he Gene案ral Ass霸embly d般ecided 敗to auth啊orize t吧he Boar傲d of Di案rectors襖. Lawye把rs shou癌ld be o骯n the a埃bove ad熬justmen吧t is co耙nsisten熬t with 矮this ap敗proach,辦 the co傲mpany c叭harter 皚and th

46、e般 provis擺ions of半 stock 版option 霸plans i佰ssued b啊y profe爸ssional胺 advice啊 to the藹 Board 把of Dire愛ctors. 愛Article跋25. 骯Listed 笆compani艾es in t澳he foll案owing p背eriod s俺hall no藹t objec巴t to in昂centive暗 stock 唉options鞍 grante盎d to: (叭i) prio罷r to th伴e publi骯cation 愛of peri叭odic re百ports o安n the 3癌0th;

47、(b芭) a mat絆ter of 搬signifi半cant tr搬ansacti奧ons or 熬major d白ecision佰-making埃 proces擺s in a 阿matter 瓣of noti翱ce to t拜he two 胺trading矮 days; 澳(c) oth百er poss奧ible si熬gnifica熬nt inci哎dents o埃f price八 from t拔he date瓣 of not盎ice of 柏two tra版ding da叭ys. 拔Article昂26. 白Incenti跋ve targ巴et shou白ld be p耙eriodic

48、愛 report氨s of li礙sted co霸mpanies罷 after 叭the ann昂ounceme耙nt of t皚he firs傲t two t把rading 昂days to阿 the ne胺xt peri癌odic re敖port 10哎 tradin凹g days 背prior t背o exerc敗ise, bu佰t not t礙he righ辦t exper案ts in t埃he foll埃owing p頒eriod: 拌(a) a m拔atter o昂f signi吧ficant 笆transac辦tions o拔r major案 decisi班on-maki敖ng

49、proc捌ess to 絆Notice 笆of the 爸matter 奧after t擺he two 般trading邦 days; 絆(b) of 半the oth啊er majo氨r event岸 that m拌ay affe哀ct the 氨share p跋rice on敗 the da吧te of a絆nnounce阿ment un艾til two芭 tradin頒g days.瓣Chapter白 V 拔Supervi扮sion an爸d punis瓣hment 伴Article艾2案7. 版Listed 啊compani擺es file盎 false 八financi笆al and

50、 斑account白ing rec傲ords, t般o whom 擺the obj壩ect of 皚incenti熬ves fro辦m the f唉inancia敖l accou拜nting d懊ocument案s from 藹the dat拔e of no辦tice wi斑thin 12霸 months熬 from t八he equi八ty ince胺ntive p扒lan rec拌eived t拌he full鞍 benefi瓣ts of s案hall be鞍 return懊ed to t骯he comp矮any. 絆Article八28. 般Listed 半compani稗es do n

51、凹o(jì)t meet翱 the re礙quireme背nts of 疤this ap版proach 案to the 安impleme耙ntation靶 of equ笆ity inc背entive 盎plans, 哎the Chi艾na Secu唉rities 稗Regulat搬ory Com奧mission白 ordere半d its c唉orrecti骯on, the扳 compan啊y and r敗elated 跋persons唉 respon哎sible w隘ill be 巴punishe般d accor瓣ding to俺 law; i熬n the c辦orrect 熬order, 八the

52、 Chi俺na Secu搬rities 癌Regulat把ory Com皚mission埃 will n巴ot be t翱he comp把a(bǔ)nys a阿pplicat氨ion doc白u(yù)ments.霸 扒Article白29. 頒Listed 背compani白es are 芭not in 盎accorda班nce wit阿h this 敗approac把h and o白ther re氨levant 埃provisi胺ons of 哎the dis擺closure暗 of inf班ormatio伴n equit罷y incen罷tive pl熬an and 半the dis哎closure佰

53、of inf胺ormatio白n or fa盎lse rec班ords, m斑isleadi哎ng stat氨ements 扮or mate案rial om半issions皚, the C八hina Se昂curitie奧s Regul白atory C斑ommissi般on orde芭red its笆 correc班tion, t爸he comp吧any and骯 relate搬d perso哎ns resp敖onsible罷 will b百e punis敖hed acc斑ording 伴to law.辦 笆The use啊 of fic版titious埃 equity跋 incent板ive

54、 pla安n perfo矮rmance,叭 market版 manipu八lation 靶or insi板der dea斑ling, i把mproper捌 access耙 to ben阿efits, 澳accordi案ng to C扮hina Se跋curitie佰s Regul礙atory C百ommissi伴on, con爸fiscate阿 the il鞍l(fā)egal i百ncome, 稗the res般ponsibi疤lity of絆 the re昂levant 半measure扮s taken昂; const班itute a案 crime,拜 invest奧igate a翱nd deal

55、奧 with t爸he tran埃sfer of擺 the ju擺diciary熬 in acc板ordance奧 with t矮he law.耙 捌article伴30. 哎For lis懊ted com懊panies 瓣issued 哀equity 暗incenti版ve plan奧 views 絆of the 斑relevan頒t profe辦ssional熬 bodies懊 are no巴t fulfi奧lling t捌he obli背gations捌 dilige昂nce, pr敖ofessio傲nal adv敖ice iss瓣ued by 埃the exi白stence 吧of f

56、als爸e recor版ds, mis傲leading岸 statem辦ents or芭 materi笆al omis艾sions, 邦the Chi拜na Secu俺rities 骯Regulat搬ory Com隘mission耙 on the頒 releva巴nt prof爸essiona扳l bodie罷s and s阿upervis辦ory per岸sonnel斑s signa罷ture, i拔ssued b捌y warni柏ng lett氨er, and傲 ordere鞍d measu礙res to 襖reform 哀and the唉 transf挨er of t搬he rele凹v

57、ant pr笆ofessio斑nal bod挨ies to 澳deal wi笆th the 白compete暗nt auth罷orities挨; the c班ircumst唉ances a把re seri稗ous, pu矮nishabl隘e by a 哀warning跋, fines佰 and ot瓣her pen俺alties;耙 consti扒tute se暗curitie巴s viola靶tions, 叭they sh芭all be 叭held li絆able.吧Chapter岸 VI 翱Supplem熬entary 翱Provisi把ons 啊article隘33. 罷This ap爸

58、proach 壩the fol邦lowing 罷terms h昂ave the翱 follow懊ing mea奧nings: 矮the sen翱ior man哎agement懊: refer佰s to a 罷listed 叭company邦 manage矮r, depu柏ty mana癌ger, fi安nance c盎harge, 澳the Boa俺rd Secr敗etary a凹nd the 案provisi熬ons of 埃the Art啊icles o巴f Assoc傲iation 氨of the 凹o(jì)thers.稗 The su阿bject o澳f stock捌: means叭 the

59、 eq翱uity in傲centive按 plan, 捌incenti敖ve gran靶ted the拔 right 背to obje埃ct or t按o purch稗ase sha鞍res of 敖listed 拌compani阿es. Int爸erests:懊 the ob柏ject re哀fers to芭 stimul礙ate equ百ity inc斑entive 爸plan in拌 accord叭ance wi邦th the 壩listed 奧company稗 stocks伴, stock岸 option愛s. Auth叭orized 把to date藹: a lis拌ted com稗

60、pany re礙fers to骯 object氨 to the叭 incent阿ive sto愛ck opti百ons gra拌nted to唉 date. 襖Must be般 author稗ized on疤 tradin半g days.擺 Exerci霸se: Obj啊ect ref背ers to 八incenti艾ve stoc暗k optio笆ns unde拌r the i稗ncentiv叭e plan,挨 within傲 a spec扒ified p癌eriod, 奧to a pr案e-deter板mined p澳urchase背 price 壩and con班ditions癌 for