2023-02-15
On the morning of February 14th, Dahuanong held the Equity Incentive Plan Implementation Mobilization Conference and Award Ceremony in Zhaoqing. The conference was presided over by Chen Rui'ai, the Chief Operating Officer of Wens Group and Chairman of Dahuanong, with 159 incentive recipients participating in the conference and award ceremony through a combination of offline and online formats.
At the mobilization meeting, President Fang Binghu provided a detailed interpretation of the equity incentive plan implementation scheme. He focused on explaining issues of concern to everyone, such as the assessment and unlocking conditions, the implementation plan and assessment methods of the incentive plan, the safeguard measures, and the management methods for reserved incentive shares. He encouraged all incentive recipients to break down business targets, work together to achieve assessment goals, and realize a win-win situation for shareholders, employees, the enterprise, and society.
Chairman Chen Rui'ai pointed out in his mobilization speech that creating a happy life together is the core of the Wens spirit. The equity incentive of Dahuanong is the inheritance of the Wens spirit, which has been highly valued and strongly supported by the group's chairman and the board of directors of Dahuanong. He hopes that all Dahuanong people will live up to the group's deep affection and trust in Dahuanong. He encouraged all incentive recipients to cherish the opportunity of the equity incentive given by the group to Dahuanong, to establish three awarenesses, and to enhance a sense of responsibility. Under the two-tier board system, they should make good use of the advantages of institutional reform to achieve a happy life and common prosperity together. They should focus on Dahuanong's "345" project, follow the three major goals and visions of the new era of "ensuring growth, smooth succession, and planning for listing," create the four major driving forces of "technology, market, cost, and culture," and implement the five-year medium and long-term plan from 2023 to 2027, to create new brilliance for Dahuanong and achieve a happy life together.
At the meeting, the incentive recipients expressed their gratitude for the career platform and assistance provided by the group and the company. They showed full confidence in Dahuanong's "345" project and stated that they will work together with joint efforts to strive and cheer on, creating a new brilliance in the first year of the implementation of the Dahuanong equity incentive plan!
An equity incentive award ceremony was also held at the site, where the "Equity Incentive Grant and Management Agreement" and the "Equity Incentive Plan Partnership Agreement" were jointly signed.