Shenzhen, Jan. 27, 2015 /PRNewswire/ -- After a one-week trading halt, Temposun International announced on January 26 that it will launch a second restricted stock incentive plan, with trading resuming on the same day. This time, Temposun International plans to grant 9.66 million restricted shares to the incentive recipients at a price of 14.06 yuan per share, accounting for about 3.95% of the company’s total share capital of 244.66 million shares at the time of the announcement, with an estimated market value of around 300 million yuan. The incentive scope includes companies that have been acquired.
The first phase of this equity incentive plan by Temposun International covers over 300 recipients, including both the company headquarters and companies acquired in recent years. In terms of the recipients, the incentive plan encompasses all core management personnel, as well as key technical or operational staff, with emphasis placed on middle-level employees. This reflects Temposun International’s determination to share wealth with employees, motivate talent, and stabilize the team—maximizing overall motivation and injecting momentum into the company’s sustainable development. Regarding the coverage, the incentive extends to both the headquarters and acquired companies, with a tilt toward employees of the acquired entities, where core employees from those companies account for over one-third. This clearly demonstrates Temposun International’s resolve to strengthen unified group management and create greater synergy for the company’s growth.
Since 2012, Temposun International has implemented an acquisition strategy, focusing on its core business and key development areas. Based on shared business philosophies, it seeks suitable acquisition targets in major national cities, primarily among the top three local ticket agencies or corporate travel management firms. After more than two years of expansion and integration, Temposun International has largely completed its nationwide network. The acquired and self-established subsidiaries have become important pillars of performance in Temposun International’s business travel segment. This round of equity incentives is tilted toward frontline teams, especially those from acquired companies, showing Temposun International’s full acceptance and goodwill toward these entities, as well as confidence in the growth prospects of its current businesses. As a positive signal extended to the company’s core members, the equity incentive aligns with the team’s interests while also placing constructive performance pressure on the recipients. Through these incentives, Temposun International drives acquired companies to continuously expand their operations, unlock business potential, help industry partners undergoing transformation enhance their appeal to talent, and ultimately form a stronger, more combat-ready organization.
Both equity incentives and company acquisitions serve as tools to drive endogenous growth and achieve exogenous expansion for listed companies, respectively, and both have become key themes for such companies. By combining equity incentives with acquisitions, Temposun International has strengthened its nationwide presence and business integration, while also boosting its future potential for further acquisitions, achieving a combined effect greater than the sum of its parts. This round of equity incentives also reserves 10% of the total issuance quota for motivating new teams and talents joining within the next year, which will undoubtedly significantly enhance Temposun International’s future acquisition capacity. The incentive period is set at four years, with a longer evaluation timeline that ensures the company’s long-term growth. The equity incentive plan allows investors to gauge Temposun International’s business development potential, fostering greater confidence in its future growth prospects, ultimately achieving resonance and mutual benefit among operators, owners, shareholders, and other stakeholders.