On March 17, GAC Group announced the latest progress of GAC E'an's mixed-ownership reform, and agreed that GAC E'an would adopt a non-public agreement to increase capital, implement equity incentives for 679 employees and 115 scientific and technological personnel of GAC Research Institute to hold the equity of GAC E'an "up and down", and simultaneously introduce strategic investors such as Chengtong Group, Nanwang Kinetic Energy, and Guangzhou Ai'an to meet the needs of structural adjustment of state-owned capital layout. The capital increase raised a total of 2.566 billion yuan.
GAC Aean
After the completion of the plan, GAC Group will directly and indirectly hold about 93% of the equity of GAC Aeon and will remain the controlling shareholder of GAC EAN. GAC AE will launch a round of financing and joint-stock restructuring in the future, and introduce market-oriented strategic investors with strategic synergy, policy guidance and market influence. It is reported that the employee equity incentive and other plans are an important part of the implementation of mixed reform of GAC E-An, which includes 679 employees of GAC E-An in the scope of incentives, and the coverage of employee equity incentives is about 20%, covering important technical personnel and management personnel, so as to bind core employees and retain key talents.
In addition, as the main body of research and development of GAC Group, GAC Group adopts the method of "holding from top to bottom", selects 115 core scientific and technological personnel to grant GAC Aian equity in the middle of the team of more than 4,000 people in the GAC Research Institute, effectively driving the improvement of GAC Eian's R&D strength. It is worth mentioning that the GAC Aean employee equity incentive platform and the GAC Research Institute's scientific and technological personnel "up and down" shareholding platform hold a total of about 4.55% of the shares.