Bosideng Launched Equity Incentive To Promote Long-Term Development

In August 8th,

International Holding Co., Ltd. (Stock Code: 3998) held a conference on equity incentive reform, and granted restricted stock to 66 incentive objects including directors, senior managers, managers, core technicians and business leaders who have important contributions and influence to the overall performance and sustainable development of the company.

Bosideng amended and awarded a total of 180 million 900 thousand share options according to the share award scheme, and the relevant person was required to pay HK $0.33 per share bonus, equivalent to 50% of the average daily closing price quoted by the daily exchange issued by the stock exchange at HK $0.66 per share, corresponding to the five trading days immediately before the date of issue.

The bonus shares are equivalent to about 2.04% of the total number of issued shares issued on the notice date (i.e. 8 billion 847 million 698 thousand shares).

In addition, Bosideng further granted the above 66 incentive subjects a total of 180 million 900 thousand share options based on the share option scheme.

The share option will grant the grantee rights to subscribe for a total of up to 180 million 900 thousand new shares, equivalent to about 2.04% of the total number of issued shares (i.e. 8 billion 847 million 698 thousand shares) on the date of the announcement, and about 2% of the total number of shares issued after the issuance of new shares, i.e., 9 billion 28 million 598 thousand shares, when all the shares are exercised.

After reaching the criteria and conditions, the incentive target will be able to subscribe for a share of HK $0.71.

The exact number of shares granted to the grantee should be the same as the number of award shares accepted and paid by the grantee.

In 2016, Bosideng proposed that "Boston" should be guided by "meeting the needs of consumers and internal and external customers".

The "4+1" development strategy of reshaping, snow flying strategic pformation, group electricity supplier, internationalization strategy and organizational mechanism pformation, and creating an international integrated brand operation platform.

For Group brands and

To re organize and locate, and adjust the operation management structure, clarify the responsibility, power and profit of each project team, and promote the realization of long-term strategic objectives of the company.

Gao Dekang, chairman of Bosideng, said that the reform of equity incentive reflects the company's determination to share interests and win the future. It is conducive to the company's innovation and operation mechanism. It will benefit and share the power and inspire the innovation and wisdom of business partners to attract and assemble more talented talents to share the benefits and risks with the company, so that the internal and external employees can share the fruits of development and benefit the long-term strategic goals of the company.

In the future, we will continue to build a win-win and sharing mechanism and expand shareholding reform and equity incentive at all levels.

Gao Dekang hoped that the management team would change their mindset, constantly enhance their sense of responsibility and mission, and always reflect on the identity of their shareholders.

At the same time, lead the team by example, inspire the enthusiasm and enthusiasm of the team and the whole company, and work hard, innovate and change, grow together with the enterprise, create greater development platform and more wealth value.