What do you mean by wanxun automatic control plan to leak?

The announcement of temporary suspension of stock was published on June 13th, 214, and it will be suspended from the market opening in the morning (for details, please refer to the full text of the announcement)

Announcement of temporary suspension of stock of Wanxun Automatic Control Co., Ltd.

Shenzhen Wanxun Automatic Control Co., Ltd. intends to disclose major matters. According to the relevant provisions of the Listing Rules of Growth Enterprise Market, the company has applied for the company's stock (stock abbreviation: Wanxun Automatic Control, stock code:)

it's just that there's news to be announced, so it's suspended.

The following is the major news

The company's restricted stock incentive plan (draft) and its summary and resumption announcement were published on June 17, 214, and the resumption of trading today (please refer to the full text of the announcement for details)

Announcement on the resumption of trading of shares of Wanxun Auto Control

Wanxun Auto Control has applied for the restricted stock incentive plan, and the company's shares (stock abbreviation: Wanxun Auto Control, stock code:)

on June 13th, 214, the company held the 18th meeting of the second board of directors, reviewed and approved the restricted stock incentive plan (draft) of Shenzhen wanxun automatic control co., ltd. and its summary and other related proposals, and published relevant announcements on the information disclosure website of the growth enterprise market designated by the China securities regulatory commission. Upon the company's application, the company's shares will resume trading on June 17, 214.

announcement of the resolution of the second board of directors and the board of supervisors

1. The restricted stock incentive plan of Shenzhen Wanxun Automation Co., Ltd. and its summary were reviewed and approved

① The incentive form adopted in this incentive plan is restricted stock, and its stock source is that Wanxun Automation issues new shares to the incentive targets.

② The underlying stock involved in this incentive plan is 7.495 million shares of Wanxun Auto Control, accounting for 3.1% of the total share capital of the company at the time of signing this incentive plan. Among them, 6,795, shares were granted for the first time, accounting for 2.81% of the company's total share capital of 241,751,25 shares when this incentive plan was signed, accounting for 9.66% of the total number of restricted shares to be granted in this plan; 7, shares are reserved, accounting for .29% of the company's total share capital of 241,751,25 shares when this incentive plan is signed, accounting for 9.34% of the total number of restricted shares to be granted in this incentive plan.

the reserved part will be awarded within one year after the first award of this plan.

③ The validity period of this plan shall be calculated from the date of this restricted stock grant, and the longest period shall not exceed 48 months.

(1) The lock-up period is 12 months from the date when the incentive object is granted the corresponding restricted stock. During the lock-up period, the restricted shares granted to the incentive object according to this plan shall be locked and may not be transferred;

(2) The restricted shares granted this time in this plan shall be unlocked three times in the next 36 months after the expiration of 12 months from the date of this award of the current incentive plan. During the unlocking period, if the unlocking conditions specified in this plan are met, the incentive object can apply for unlocking in three times: the first unlocking period is the first year after the lock-up period expires, and the number of the incentive object that can apply for unlocking is 1% of the total number of restricted shares granted; The second unlocking period is the second year after the lock-up period expires, and the number of incentive objects that can apply for unlocking is 2% of the total number of restricted shares granted; The third unlocking period is the third year after the lock-up period expires, and the number of incentive objects that can apply for unlocking is 7% of the total number of restricted shares granted.

after the reserved restricted stock expires 12 months from the corresponding grant date, the incentive object shall be unlocked twice in the next 24 months. The first unlocking period is the first year after the lock-up period expires, and the number of incentive objects that can apply for unlocking is 3% of the total number of restricted shares granted; The second unlocking period is the second year after the lock-up period expires, and the number of incentive objects that can apply for unlocking is 7% of the total number of restricted shares granted.

④ The incentive targets of this plan are the middle and senior managers of the company and the core technical (business) personnel recognized by the company, and the incentive targets do not include independent directors and current supervisors.

⑤ The price of restricted stock granted by Wanxun Auto Control to the incentive object is 4.16 yuan/share. The grant price is determined according to 5% of the average price of Wanxun Auto Control's shares (total stock transactions in the first 2 trading days/total stock transactions in the first 2 trading days) of 8.33 yuan, which is 4.16 yuan per share.

⑥ For the restricted shares granted according to this equity incentive plan, the performance conditions of the company that the incentive object applies for unlocking the underlying shares every time are as follows: (1) Taking the net profit in 213 as a fixed base, the growth rate of the company's net profit in 214, 215 and 216 shall be no less than 1%, 25% and 45% respectively; (2) Based on the operating income in 213, the growth rate of the company's operating income in 214, 215 and 216 shall be no less than 15%, 3% and 5% respectively; (3) The net profit during the lock-up period shall not be lower than the average level of the last three fiscal years and shall not be negative.

for the reserved restricted shares granted in accordance with this equity incentive plan, the performance conditions of the company that the incentive object applies for unlocking the underlying shares every time are as follows: (1) Taking the net profit in 213 as a fixed base, the growth rate of the company's net profit in 215 and 216 shall be no less than 25% and 45% respectively; (2) Based on the operating income in 213, the growth rate of the company's operating income in 215 and 216 shall be not less than 3% and 5% respectively; (3) The net profit during the lock-up period shall not be lower than the average level of the last three fiscal years and shall not be negative.

⑦ During the period from the announcement date of this incentive plan to the completion of the registration of restricted shares by the incentive object, if Wanxun Auto Control has issues such as capitalization of capital reserve, distribution of stock dividends, share splitting or reduction, allotment of shares, dividend distribution, and private placement of new shares to old shareholders, the grant price of restricted shares and the total number of underlying shares involved will be adjusted accordingly.

⑧ This incentive plan can only be implemented after the China Securities Regulatory Commission has reviewed it without objection and the shareholders' meeting has approved it. Within 3 days from the date when the shareholders' meeting deliberates and approves the equity incentive plan, the company will convene the board of directors to authorize the incentive object in accordance with relevant regulations, and complete relevant procedures such as registration and announcement.

2. Examined and approved the Administrative Measures for Examining the Restricted Stock Incentive Plan of Shenzhen Wanxun Automatic Control Co., Ltd.

3. Examined and approved the Proposal on Requesting the General Meeting of Shareholders to Authorize the Board of Directors to Handle Matters Related to the Restricted Stock Incentive Plan

4. Examined and approved the Proposal on Taking Mr. Fu Dongqi and Mr. Li Guangwei, close relatives of the actual controllers of the company, as the targets of the restricted stock incentive plan

Mr. Fu Dongqi is currently in the purchasing department of a wholly-owned subsidiary of the company. Mr. Li Guangwei is currently the industry manager of the company, responsible for the research and development and sales of the company's building actuator products. Mr. Fu Dongqi and Mr. Li Guangwei, as the incentive targets of this restricted stock incentive plan, are reasonable and match their positions and post importance.

5. The Proposal on Termination of Investment Projects with Over-raised Funds and External Transfer was reviewed and approved

On April 25, 211, the 11th meeting of the first board of directors of the company reviewed and approved the Proposal on Using Part of Over-raised Funds to Invest in the Establishment of Joint Venture Company, and agreed to use the over-raised funds of RMB 1.2 million to jointly invest with Mr. Ma Bin to establish Shenzhen Jiangyuan Technology Co., Ltd. (hereinafter referred to as "Jiangyuan Technology Co., Ltd."). Jiangyuan Technology was established on June 8, 211 with a registered capital of RMB 2 million. As of the date of this announcement, the shareholders of Jiangyuan Technology actually contributed 12.994 million yuan, of which the company contributed 6.51 million yuan, accounting for 5.1% of the shares. As of March 31, 214, the net assets of Jiangyuan Technology were 16,25,2 yuan, the net profit in 213 was 72,1 yuan, and the net profit in the first quarter of 214 was-44,7 yuan. Due to changes in external environment and strategic development, the company has transferred 5.1% equity of Jiangyuan Technology to Mr. Ma Bin and Ms. Yue Yali at RMB 8,28,6. After the equity transfer is completed, the company no longer holds the equity of Jiangyuan Technology.