The employee's shareholding plan throws out zero yuan in consideration, and the stock "sends" Tianqi Lithium in response to the Shenzhen Stock Examination

Economic Observation Network reporter Zhang Xiaohui's operating income increased by 508.05%to 14.3 billion yuan, and net profit increased by 11937.16%to 10.3 billion yuan -Tianqi Lithium Industry Co., Ltd. (002466.sz, hereinafter referred to as "Tianqi Lithium") in August) At the same time, the semi -annual report of "beyond the market" was disclosed on the 31st, and at the same time, it also launched a bold employee shareholding plan: Zero Yuan's consideration is transferred to the repurchase shares.

On September 9th, the Shenzhen Stock Exchange's employee holding plan to hold a zero yuan in the lithium industry expressed concern.

On September 17, Tianqi Lithium responded to the questioning letter in the Shenzhen Stock Exchange, saying that the move was helping the company to condense people's hearts and united employees to overcome difficulties, fully mobilize the enthusiasm and creativity of the company's employees, attract and retain talents, and retain talents. Promote the company's long -term, sustainable and healthy development.

Tianqi Lithium acquired 23.77%of the world's largest lithium ore company SQM Chile 23.77%of the world's largest lithium ore company. It once dragged the company to walk on the edge of life and death. The executives left and the debt registered. Go out and get high profits.

Zero -dollar employee shareholding plan

The incentive target of Tianqi Lithium in 2022 Employee holding plans (draft) is: companies or directors of the company or holding subsidiaries (excluding independent directors), supervisors, middle and senior management, which have an important role in the company's overall performance and the medium and long -term development. Personnel and core business/technical personnel, no more than 240 people (excluding the number of people reserved). Among them, there are 9 directors, supervisors and senior managers of Tianqi Lithium, and no more than 231 other personnel. The specific number of participants is determined according to the actual situation. The above -mentioned participants signed a labor contract or an employment contract with Tianqi Lithium or their wholly -owned or holding subsidiaries. The price of the company's repurchase of the company's repurchase of stocks is 0 yuan/share.

The board of directors of Tianqi Lithium Corporation passed the average company's stock transaction price of the company's stock transaction on the previous 30 trading days of the company's repurchase. In the employee holding plan, Tianqi Lithium said that based on the consolidation of the closing price simulation on August 19, 2022, the total repurchase shares not exceeded 1.832 million shares.

The performance assessment indicators to realize the performance of employees' shares to be transferred to the consideration:

The company's level is: as of the end of 2024, the company's lithium chemical product capacity reached 90,000 tons of lithium carbonate (equivalent).

Personal assessment indicators from the three -year average performance score from 2022 to 2024 are evaluated. Personal performance assessment is responsible for the implementation of the human resources department and the department where the holder is located. It is divided into five gear S, A, B, C, and D, and the corresponding unlocking ratio is 100%, 100%, 90%, 80%, and 0%.

The employee holds a 36 -month lock -up period and unlocked one by one after the lock -up period.

Tianqi Lithium also estimates the cost of the employee's shareholding plan: According to the measurement of the daily stock price, the shares that the employee holding plan should be confirmed is expected to be 125.06 million yuan (excluding reserves).

Lithium carbonate (equivalent) mentioned in the staff plan is a professional term, which is abbreviated by LCE.

In 2021, China used the domestic salt lake brine (60,000 tons), lithium cloud mother concentrate (60,000 tons) and pyroxyl (10,000 tons) to recover lithium salt produced by lithium waste (30,000 tons). About 160,000 tons, the dependence of lithium raw materials is about 65%.

According to the Tianqi Lithium Half -annual Report, in the first half of 2022, China ’s lithium carbonate output was 168,000 tons, an increase of 42.4%year -on -year. The total production capacity of Tianqi Lithium in the mid -term planning of lithium chemical products exceeded 110,000 tons/year.

According to Wood McCanz's report, Tyrisen, the holding subsidiary of Tianqi Lithium, is the world's largest mining lithium product manufacturer. The output in 2021 is equivalent to 127,100 tons of LCE, accounting for 38%of the global output. From the control level, Tianqi Lithium Lithium The industry has ranked among the fourth largest lithium miners in the world in 2021.

According to the current domestic strong lithium battery demand and the high growth rate of Tianqi lithium industry, it is not difficult to achieve the production capacity of 90,000 tons of lithium carbonate (equivalent) in 2024.

Overall, this is a pretty seductive employee shareholding plan.

Responsible for the Shenzhen Stock Examination

The follow -up letter of Shenzhen Communications mainly questioned two points. One is why the company's performance assessment only sets the production capacity indicator? Second, does the zero consideration damage the interests of small and medium shareholders, and whether there is a disguised interest to transport?

In response, Tianqi Lithium Industry responded that the employee holding plan plans to use lithium chemical product production capacity as an indicator of performance assessment at the company's level. It mainly considers factors such as industry characteristics, market competition pattern and company operating characteristics to maximize the enthusiasm of employees' work enthusiasm And combined with market practice comprehensive formulation.

Due to the cycle characteristics of the lithium industry, the sales price of lithium chemical products has a large volatility.

Because the product sales price fluctuates with cyclical, the income or profit indicators of Tianqi Lithium are greatly affected by market fluctuations to a certain extent. There are still many non -controllable factors such as business expansion and other work; relatively speaking, production capacity indicators will not be directly affected by market changes. Regardless of the rising period of the industry or decline, the stability of production capacity can reflect the actual operation of management management. Achievements.

At present, the total annual production capacity of Tianqi Lithium Lithium Chemical Products has reached 68,800 tons.

Tianqi Lithium also listed the employee holding plans of three gold and crude oil companies in Inner Mongolia, Shanghai, and Shandong, and both used gold and crude oil output as an assessment performance indicator. As for another problem -employee holding zero yuan in consideration, Tianqi Lithium industry responded that the zero reference transfer shares in the employee shareholding plan are not alone. At present, more than a dozen listed companies have appeared Zero yuan consideration.

According to the announcement, the 28th meeting of the Fifth Board of Directors of Tianqi Lithium and the 22nd meeting of the Fifth Supervisory Committee was reviewed and approved. The shares repurchased by the listed company of Yuan/share transfer can effectively improve their incentives for incentive objects, realize the sustainable development of the company and individuals, and help the establishment and improve the interest sharing mechanism of employees and the company, promote the company's medium and long -term development goals for the medium and long -term development goals accomplish.

Historically, during the period when Tianqi Lithium was the most difficult and exposed losses, there were many cases of departure from executives in the company. For example, in August 2020, Wu Wei, director and president of Tianqi Lithium, resigned. In June 2021, Li Bo, director and executive vice president and secretary of the board of directors, resigned.

Tianqi Lithium said in a reply letter to the Shenzhen Stock Exchange that the employee holding plan of the zero -dollar consideration can establish and improve the "risk sharing, interest sharing" mechanism of core backbone employees, companies, and shareholders to encourage core employees and backbone employees "Breathing and common destiny" with the company.

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