Yu Diamond: It is proposed to participate in the “100 million yuan employee shareholding plan”

October 24, 2020

Abstract Yu Diamond (300064) disclosed the first employee stock ownership plan (draft) on the evening of July 16th. The company proposed to raise the total amount of funds raised by the employee stock ownership plan to 500 million yuan. The source of funds is the legal salary of employees. Raising funds and other legal and legally permitted...
Yu Diamond (300064) disclosed the first employee stock ownership plan (draft) on the evening of July 16th. The company proposed to raise the total amount of funds raised by the employee stock ownership plan to 500 million yuan. The source of funds is the legal salary of employees and self-raising. Funds and other legal methods permitted by laws and regulations; the total number of participants is no more than 50. Based on the closing price of 10.55 yuan on July 14, the number of underlying stocks that can be purchased does not exceed 47.39 million shares, that is, it does not exceed the company's total share capital of 3.93%.
The 10 directors of the company, including Guo Liuxi, proposed to subscribe for 340 million yuan, accounting for 68% of the employee's shareholding plan of 500 million yuan. Among them, Guo Liuxi intends to subscribe for 120 million yuan, director and general manager Liu Yongqi plans to subscribe for 45 million yuan, director, deputy general manager, financial director Zhang Chaowei plans to subscribe for 25 million yuan, director, board secretary, deputy general manager Zhang Kai intends to subscribe for 25 million yuan .
According to the announcement, the employee stock ownership plan has a duration of no more than 24 months, calculated from the date of the establishment of the trust plan. The lock-up period for the stocks awarded in this plan is 12 months, which is calculated from the date of the last purchase of the stock of the company's announcement to the name of the trust plan.
The company stated that the purpose of this employee stock ownership plan is to further establish and improve the benefit sharing and risk sharing mechanism between employees and shareholders, to achieve the consensus of shareholders, companies and individuals, to improve corporate governance; to improve the company's long-term and effective incentives. The restraint mechanism enhances the cohesiveness of employees and the competitiveness of the company, and fully mobilizes the enthusiasm and creativity of employees.
Analysts said that the company is a pioneer in the industrialization of large single crystal diamonds, gradually shifting the product structure to large single crystals. In addition, the production and sales volume of micron diamonds increased by 49.70% and 35.12% respectively. By the two ends of the large single crystal and micron diamond lines, the annual output of super hard materials and super hard materials reached 547 million yuan and 194 million yuan respectively. , which increased by 10.65% and 133.88% respectively, driving the company's 2016 revenue and performance to achieve high growth. With the continuous heavy volume of large single crystals, the company's performance is expected to enter a high growth stage.

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