CSR equity incentive plan approved

On March 7, upon receipt of the official reply to the equity incentive plan from China Securities Regulatory Commission, CSR held the 23rd session of the first board of directors and the 16th session of the first board of supervisors, as well as the meetings of relevant professional committees of the board such as the audit and risk management committee, salary committee and strategic committee, at which relevant proposals on equity incentive were deliberated on.

Over 20 leaders were present, including nine directors like Chairman Zhao Xiaogang and Vice Chairman and President Zheng Changhong, the board secretary, all supervisors as well as persons in charge of relevant departments of the headquarters.

Upon deliberation, the board adopted six proposals, including the Proposal on Corporate Stock Option Plan Draft, Proposal on Adjustment of Use Proportion of Funds Raised from H-share IPO and Proposal on Issuance of Short-term Corporate Bonds Worth No More Than Five Billion Yuan. In accordance with the regulations of the mainland and Hong Kong, CSR has announced the resolutions adopted and major issues deliberated on the meetings on the Hong Kong Stock Exchange and Shanghai Stock Exchange.