The North China Venture Capital Incentive Plan began to be planned in 2017. On June 21, 2018, the Beijing Municipal State-owned Assets Supervision and Administration Commission received the “Reply on the implementation of the stock option incentive plan for the North China Venture Technology Group Co., Ltd.”, which was awarded 2018 on July 10. According to the clear equity incentive plan, the North China Huachuang stock option was awarded three times, each time granting 4.5 million shares of stock options, accounting for 0.98% of the total issued share capital. The stock comes from the A shares of common stock issued by the company to the incentive object. The stock option is locked for 24 months and the exercise period is three years. In 2018, the first stock option is granted. The exercise price is 35.36 yuan/share. For the company's core technical staff and management staff.
North Huachuang is a technology-intensive industry with semiconductor equipment as its core business. In order to attract and stabilize outstanding talents, especially high-tech talents, North Huachuang has been exploring the construction of long-term talent incentive mechanism. The implementation of this equity incentive plan, It is the first step taken by North Huachuang in building a long-term incentive mechanism for talents. It will effectively help the company achieve its strategic goal of talent development and provide a stronger driving force for the company's long-term development in the future.