XCMG(SZ:000425) Zheng Quan Zhi Xing·2025-09-02 16:14Core Viewpoint - The company has established a stock incentive plan aimed at enhancing corporate governance, motivating core employees, and ensuring steady performance growth to achieve strategic and operational goals [1]. Group 1: Assessment Objectives and Principles - The assessment aims to improve corporate governance and establish an effective incentive mechanism to ensure the successful implementation of the stock incentive plan [1]. - The evaluation must adhere to principles of fairness, transparency, and objectivity, linking the incentive plan closely with the performance and contributions of the incentivized individuals [1]. Group 2: Assessment Scope and Institutions - The plan applies to all incentivized individuals identified in the 2025 stock and option incentive plan, including directors, senior management, middle management, and key technical and business personnel [1]. - The board's remuneration and assessment committee is responsible for leading and organizing the assessment work [1]. Group 3: Performance Evaluation Indicators and Standards - The stock options and restricted stocks granted under the plan will undergo annual performance assessments from 2025 to 2028, with specific performance targets set for each year [2]. - For 2025, the performance targets include a net asset return rate of no less than 10%, a net profit of at least 6.5 billion, and a net cash flow from operating activities of no less than 5.5 billion [3]. - The performance targets for subsequent years increase progressively, with 2026 requiring a net profit of at least 7.5 billion and 2027 requiring a net profit of at least 10 billion [4]. Group 4: Benchmarking and Individual Performance Assessment - The company will select comparable A-share listed companies in the "Construction Machinery and Heavy Trucks" sector as benchmark enterprises for performance evaluation [5]. - Individual performance assessments will categorize results as "qualified" or "unqualified," determining the proportion and quantity of stock options that can be exercised or released [5]. Group 5: Assessment Period and Procedures - The assessment period for the stock options and restricted stocks will be from 2025 to 2028, with annual assessments conducted [6]. - The global human resources management center will handle the specific assessment work under the guidance of the board's remuneration and assessment committee [7]. Group 6: Feedback and Archiving of Assessment Results - Assessment results will be communicated to the assessed individuals within five working days, with a provision for appeals to be reviewed within ten working days [7]. - The assessment results will be archived as confidential materials for a minimum of five years [7].