Following the streamlining of the organization and the early change of the board of directors, China Unicom immediately announced another important content of mixed reform-equity incentive plan.

On the evening of February 1 1, China Unicom issued a series of related announcements on the restricted stock incentive plan (revised draft) and the first grant scheme (revised draft).

According to the announcement, the first-phase equity incentive plan of China Unicom intends to grant no more than 847.88 million restricted shares to the incentive object, accounting for 2.8% of the current company's total share capital, of which 44.856 million shares are planned to be reserved, accounting for 5.3% of the total granted shares, accounting for 0. 1% of the current company's total share capital.

The incentive objects (excluding the reserved part) granted for the first time include the middle and senior managers of the company and the core management talents and professionals who have a direct impact on the company's operating performance and sustainable development, with no more than 7855 people. Incentive targets do not include independent directors, supervisors and external directors who are held by people other than the holding company of the company. The incentive object of the reserved part shall be specified within 12 months after the equity incentive plan is reviewed and approved by the shareholders' meeting.

Among the equity incentive targets of China Unicom, Wang Xia, secretary of the board of directors, and Jiang Aihua, chief financial officer, received 2,654.38+0.6 million shares respectively, and the remaining 7,853 were middle managers, core management talents and professionals of the company.

The price of each restricted stock (including the reserved part) granted by China Unicom to the incentive object in the first phase of this equity incentive plan is 3.79 yuan/share. When the incentive object is granted restricted shares, the funds needed for personal investment will be solved by itself.

After the lock-up period of restricted stock expires, the restricted stock will be unlocked for at least 36 months.

China Unicom set the unlocking conditions for the first batch of equity incentive plan participants, including company performance and individual performance conditions. Among the performance conditions, the unlocking conditions set in the first unlocking period are: the growth rate of main business income in 20 18 is not less than 4.4% compared with the income benchmark of main business in 20 17, and it is not lower than the average level of enterprises in the same industry; The total profit of 20 18 is not less than 65.4% compared with the benchmark growth rate of 20 17, and not less than the 75th percentile level of enterprises in the same industry; 20 18 ROE is not less than 2.0%.

One of the unlocking conditions of the second unlocking period is that the total profit of 20 19 is not less than 224.8% compared with the benchmark growth rate of 20 17, and not less than the 75th percentile level of enterprises in the same industry.

The net profit condition set in the third unlocking period is that the growth rate of total profit in 2020 is not less than 378.2% compared with the benchmark of total profit in 20 17 years, and it is not less than the 75th percentile level of enterprises in the same industry.

All for important people.