银禧科技：股权激励方案设计综合考虑多种因素

Core Viewpoint - The company addresses investor concerns regarding its stock incentive plans and dividend policies, emphasizing that the design of these plans is based on various economic factors and that there is no internal benefit transfer harming shareholder interests [1]. Group 1: Stock Incentive Plans - The company has launched three stock incentive plans since 2021, with performance targets based on revenue, absolute net profit, and net profit growth, which investors question for their coherence and achievability [1]. - The 2021 stock incentive plan was designed considering the economic situation and aimed to capitalize on market opportunities, with performance targets met in 2021 and 2022 [1]. - In 2023, the company did not meet performance targets due to strategic adjustments focusing on high-margin businesses, leading to the repurchase and cancellation of unachieved stock incentives [1]. Group 2: Dividend Policy - The company has not issued dividends since 2017 and has focused on stock incentives, with each incentive priced close to the regulatory 50% line [1]. - The company states that it cannot distribute dividends due to not meeting relevant cash dividend conditions, asserting that this does not harm shareholder interests [1]. - Future stock incentive plans will emphasize profit performance indicators to align more closely with investor needs, reflecting the company's ongoing efforts to enhance profitability [1].