On March 17, the board of directors of GAC Group deliberated and passed the "Proposal on the Implementation of Employee Equity Incentives and Related Matters by GAC Aean", and agreed that GAC Ae-An would adopt a non-public agreement to increase capital, implement employee equity incentives, "hold up and down" the shares of GAC Ae-an by scientific and technological personnel of GAC Research Institute, and simultaneously introduce some strategic investors. In addition, GAC Group also said that Aeon will make full use of the capital market in the future to choose the opportunity to seek listing.
According to reports, the capital increase raised a total of 2.566 billion yuan, of which 1.782 billion yuan was invested by equity incentive objects, including 679 employees of GAC Aean and 115 scientific and technological personnel of GAC Research Institute, a total of 794 people, the implementation of employee equity incentives, GAC Research Institute of scientific and technological personnel "up and down" to hold GAC Ean equity. At the same time, this is also the first large-scale implementation of the mixed reform of domestic state-owned enterprises to "hold up and down".
The implementation of the equity incentive for GAC Aean employees is conducive to the establishment of a long-term incentive mechanism for GAC EIAN, retaining talents, fully stimulating the vitality of the enterprise and the enthusiasm of the majority of employees, and at the same time establishing a more market-oriented corporate governance structure and a more market-competitive shareholder structure, realizing the risk sharing and benefit sharing between employees and enterprises, promoting GAC Eian to be better, bigger and stronger, and further enhance the company's competitiveness.
With the completion of the employee equity incentive work, GAC Group will start the GAC E-An A-round introduction and shareholding system restructuring according to the operation and development of GAC E-An, introduce market-oriented strategic investors with strategic synergy, policy guidance and market influence, and effectively promote the work of GAC E-An mixed reform and introduction.
In the future, GAC Aean will make full use of the capital market, choose the opportunity to seek listing, build an independent capital market platform, and promote sustainable development.