Chongqing, April 19, 2019Changan AutomobileCo., Ltd. (hereinafter referred to as "Changan Automobile"Or "Company") The 50th meeting of the 7th Board of Directors reviewed and approved the "Proposal on Cancellation of Partial Stock Options of the Company". On April 23, 2019, the company disclosed "On the cancellation of part of the company's stock options."announcement》 (Announcement No.: 2019-24). According to the Stock Option Incentive Plan (Revised Draft) and related regulations, the company will write out 9.534 million stock options.
The board of directors of the company has cancelled some stock options this time, which is in line with the relevant provisions of the Securities Law, the Measures for the Administration of Equity Incentives of Listed Companies and the Stock Option Incentive Plan. In accordance with the relevant regulations, the company applied to the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. for the cancellation of the above-mentioned stock options. The company has completed the verification of the above options by the China Securities Depository and Clearing Co., Ltd. Shenzhen Branch.
ChongqingChangan AutomobileBoard of Directors
May 15, 2019
(Article Source:Oriental wealthSecurities Research Institute)