Related news about Rainbow Shopping Mall Co., Ltd.

Tinhong Shopping Mall has introduced new management measures for executive compensation and assessment

Chapter 1 General Provisions

The first item

is Better mobilize the enthusiasm and creativity of the senior executives of Rainbow Shopping Mall Co., Ltd. (hereinafter referred to as the "Company"), further improve the incentive and restraint mechanisms, and encourage senior executives to pay attention to the company's long-term development while focusing on the company's current benefits, and then To promote faster growth of the company's benefits, these measures are specially formulated.

Article 2 Scope of Application

These Measures apply to the company’s general manager and deputy general manager level executives.

Chapter 2 General Manager Annual Salary Composition

Article 3 General Manager Annual Salary Composition

General Manager Annual Salary consists of basic annual salary, housing subsidy, performance annual salary, and EVA annual salary etc. composition.

When the company's annual business plan is completed normally, the relationship between the four components of the general manager's annual salary is: (basic annual salary + housing subsidy): annual performance salary: EVA annual salary = 4:3:3.

Article 4 Basic Annual Salary

At the beginning of each year, the Nomination, Remuneration and Appraisal Committee of the company’s board of directors will conduct an evaluation of the company based on the company’s three financial indicators of total assets, operating income and gross profit in the previous year. Evaluation, and based on the enterprise category, evaluation standards, general manager's working years, salary levels of senior executives of similar companies in the market, etc., put forward opinions on the basic annual salary level of the general manager, and submit it to the company's board of directors for approval before implementation. The basic annual salary of the general manager is generally adjusted in April each year.

Article 5 Housing Subsidy

The general manager shall enjoy a housing subsidy in accordance with the law, the amount of which is 13% of the basic annual salary.

Rainbow Shopping Center announced on the evening of November 21: According to the "Asset Purchase Agreement" signed by Shenzhen AVIC Group Co., Ltd. and China Aviation Technology Shenzhen Co., Ltd. on November 16, Aviation Technology Shenzhen Company plans to AVIC Group transferred its 316 million restricted tradable A-shares in Tianhong Mall, accounting for 39.52% of the total share capital of Tianhong Mall. At the same time, Shenzhen AVIC Group issued permanent subordinate convertible securities to Aviation Technology Shenzhen Company as the purchase consideration. The unit price per share of the share transfer of Tianhong Mall is 20.01 yuan, and the total transfer price of the underlying shares is 6.328 billion yuan. Shenzhen AVIC Group Co., Ltd. issued convertible securities of 6.328 billion yuan to Aviation Technology Shenzhen Company, with the initial conversion price being 3.56 yuan/share (4.4 Hong Kong dollars/share). According to the "Permanent Subordinated Convertible Securities Subscription Agreement" signed by the two parties on November 16, the relevant permanently subordinated convertible securities can be converted into a certain number of domestic shares of Shenzhen AVIC Group under the agreed conditions.

China Aviation Technology Shenzhen Co., Ltd. holds 316 million shares of Tianhong Mall, accounting for 39.52% of the total share capital of Tianhong Mall. It is the largest shareholder of Tianhong Mall. The State-owned Assets Supervision and Administration Commission of the State Council is the actual controller of Tianhong Mall. . After the completion of this acquisition, Shenzhen AVIC Group Co., Ltd. will hold 39.52% of the shares of Rainbow Mall, which will still be controlled by Aviation Industry Corporation of China, and the actual controller will still be the State-owned Assets Supervision and Administration Commission of the State Council. Rainbow Shopping Mall announced in 2012 that the company's chairman Wu Guangquan had resigned from the board of directors due to work needs. Along with Wu Guangquan, company director You Lei also resigned. With Wu Guangquan's resignation, the Guangdong department store giant's senior management team is facing its first large-scale adjustment since 2000-2012. According to the announcement, former general manager Lai Weixuan will succeed Wu Guangquan as chairman, and the general manager position will be taken over by the company's former executive deputy general manager Gao Shulin. Rainbow Mall signed a contract with Zhuhai Chengfeng Plaza to lease an area of ??approximately 39,000 square meters. Shenzhen Rainbow Investment Development Co., Ltd., a subsidiary of Rainbow Mall, signed a cooperation agreement with Zhuhai Huiyuan Investment Management Co., Ltd. and Zhuhai Everbright International Hotel Management Co., Ltd. on May 18, 2012. Book.

Shenzhen Tianhong Investment Development Co., Ltd., a subsidiary of Tianhong Shopping Mall (expanding site selection information), signed a cooperation agreement with Zhuhai Huiyuan Investment Management Co., Ltd. and Zhuhai Everbright International Hotel Management Co., Ltd. on May 18, 2012 Agreement Shenzhen Tianhong Investment Development Co., Ltd., a subsidiary of Tianhong Shopping Mall (expanding site selection information), signed a cooperation with Zhuhai Huiyuan Investment Management Co., Ltd. and Zhuhai Everbright International Hotel Management Co., Ltd. on May 18, 2012. On November 2, Liyang Tianhong Shopping Mall was closed and a "Notice to Customers" was posted.

The "Notice to Customers" did not explain the reason for the closure, but stated that a customer reception point will be set up at the entrance of the mall from November 2 to November 8 to handle card purchases and VIP card points. The signing date on the "Notice to Customers" is November 2, 2011, and the signing company is "Changzhou Tianhong Shopping Mall Co., Ltd."

The 22nd store of Rainbow Mall in Shenzhen opened, bringing the total number of stores across the country to 54

On November 3, 2012, the 22nd store of Rainbow Mall in Shenzhen - Longhua East Ring Rainbow opened grandly. The total number of stores nationwide has reached 56.

The largest store in Tianhong Mall strives to open by the end of 2013

Wu Guangquan said that AVIC International will speed up the construction progress of Ji'an Tianhong Mall and strive to have the mall capped in May 2013 and open by the end of the year, bringing Ji'an to the forefront. Rainbow Shopping Mall has been built as a landmark building in Ji'an and the largest Rainbow Shopping Mall in the country.

Texhong plans to open 6-8 more stores in 2013 to explore the opening of shopping malls

Yesterday, reporters learned from Texhong Co., Ltd.: Texhong Co., Ltd. will be open for the whole year in 2012 The total revenue was 14.377 billion yuan, a year-on-year increase of 10.29%; the total profit was 836 million yuan, a year-on-year increase of 4.01%; the net profit was 588 million yuan, a year-on-year increase of 2.40%. Rainbow has opened 59 stores nationwide and will open 6 to 8 new stores in 2013.