China Yuchai Subsidiary Adopts Equity Incentive Plan
China Yuchai International (NYSE: CYD) has announced the implementation of an equity incentive plan through its subsidiary Sky Cloud. The plan involves increasing Sky Cloud's registered capital by RMB 1.25 million, representing a 20% interest in the enlarged capital.
The plan will be executed in two phases: Phase One will distribute RMB 1,080,002 at RMB 1 per unit of registered capital, while Phase Two will be completed by June 30, 2027, at 80% of the latest audited net assets value or RMB 1, whichever is higher.
The equity interest will be granted to selected employees, directors, and senior officers through partnership vehicles, subject to lock-up restrictions. While the plan aims to motivate key employees and ensure long-term growth, the expected share-based expenses under IFRS are considered immaterial to China Yuchai's financial performance.
China Yuchai International (NYSE: CYD) ha annunciato l'implementazione di un piano di incentivazione azionaria attraverso la sua filiale Sky Cloud. Il piano prevede un aumento del capitale registrato di Sky Cloud di 1,25 milioni di RMB, che rappresenta una partecipazione del 20% nel capitale ampliato.
Il piano sarà eseguito in due fasi: la Fase Uno distribuirà 1.080.002 RMB a 1 RMB per unità di capitale registrato, mentre la Fase Due sarà completata entro il 30 giugno 2027, al 80% del valore netto degli attivi più recente verificato o 1 RMB, a seconda di quale sia più elevato.
La partecipazione azionaria sarà concessa a dipendenti selezionati, direttori e funzionari senior attraverso veicoli di partnership, soggetti a restrizioni di lock-up. Sebbene il piano miri a motivare i dipendenti chiave e garantire una crescita a lungo termine, le spese previste basate su azioni secondo l'IFRS sono considerate irrilevanti per le performance finanziarie di China Yuchai.
China Yuchai International (NYSE: CYD) ha anunciado la implementación de un plan de incentivos de capital a través de su subsidiaria Sky Cloud. El plan implica un aumento del capital registrado de Sky Cloud en 1,25 millones de RMB, lo que representa un interés del 20% en el capital ampliado.
El plan se ejecutará en dos fases: la Fase Uno distribuirá 1.080.002 RMB a 1 RMB por unidad de capital registrado, mientras que la Fase Dos se completará antes del 30 de junio de 2027, al 80% del valor neto de los activos auditados más reciente o 1 RMB, lo que sea mayor.
El interés de capital se otorgará a empleados seleccionados, directores y altos funcionarios a través de vehículos de asociación, sujetos a restricciones de bloqueo. Aunque el plan tiene como objetivo motivar a los empleados clave y garantizar un crecimiento a largo plazo, se considera que los gastos esperados basados en acciones bajo las NIIF son inmateriales para el rendimiento financiero de China Yuchai.
차이나 유차이 인터내셔널 (NYSE: CYD)는 자회사 스카이 클라우드를 통해 주식 인센티브 계획의 시행을 발표했습니다. 이 계획은 스카이 클라우드의 등록 자본을 125만 RMB 증가시키는 것으로, 확대된 자본에서 20%의 지분을 나타냅니다.
이 계획은 두 단계로 실행됩니다: 1단계에서는 등록 자본 단위당 1 RMB로 1,080,002 RMB를 배분하고, 2단계는 2027년 6월 30일까지 완료되며, 최근 감사된 순자산 가치의 80% 또는 1 RMB 중 더 높은 금액으로 진행됩니다.
주식 지분은 선택된 직원, 이사 및 고위 임원에게 파트너십 차량을 통해 부여되며, 잠금 제한이 적용됩니다. 이 계획은 주요 직원들을 동기부여하고 장기 성장을 보장하는 것을 목표로 하지만, IFRS에 따른 예상 주식 기반 비용은 차이나 유차이의 재무 성과에 대해 중요하지 않은 것으로 간주됩니다.
China Yuchai International (NYSE: CYD) a annoncé la mise en œuvre d'un plan d'incitation en actions par l'intermédiaire de sa filiale Sky Cloud. Le plan implique une augmentation du capital enregistré de Sky Cloud de 1,25 million de RMB, représentant un intérêt de 20 % dans le capital élargi.
Le plan sera exécuté en deux phases : la Phase Un distribuera 1.080.002 RMB à 1 RMB par unité de capital enregistré, tandis que la Phase Deux sera complétée d'ici le 30 juin 2027, à 80 % de la valeur nette des actifs vérifiés la plus récente ou 1 RMB, selon le montant le plus élevé.
L'intérêt en capital sera accordé à des employés, directeurs et hauts responsables sélectionnés par le biais de véhicules de partenariat, soumis à des restrictions de blocage. Bien que le plan vise à motiver les employés clés et à garantir une croissance à long terme, les dépenses basées sur les actions prévues selon les IFRS sont considérées comme non significatives pour la performance financière de China Yuchai.
China Yuchai International (NYSE: CYD) hat die Umsetzung eines Aktienanreizplans über ihre Tochtergesellschaft Sky Cloud angekündigt. Der Plan sieht eine Erhöhung des eingetragenen Kapitals von Sky Cloud um 1,25 Millionen RMB vor, was einem Anteil von 20% am erweiterten Kapital entspricht.
Der Plan wird in zwei Phasen umgesetzt: In Phase Eins werden 1.080.002 RMB zu 1 RMB pro Einheit des eingetragenen Kapitals verteilt, während Phase Zwei bis zum 30. Juni 2027 abgeschlossen sein wird, basierend auf 80% des zuletzt geprüften Nettovermögenswerts oder 1 RMB, je nachdem, welcher Betrag höher ist.
Der Aktienanteil wird ausgewählten Mitarbeitern, Direktoren und leitenden Angestellten über Partnerschaftsvehikel gewährt, die an Lock-up-Beschränkungen gebunden sind. Während der Plan darauf abzielt, Schlüsselmitarbeiter zu motivieren und langfristiges Wachstum zu gewährleisten, werden die erwarteten aktienbasierten Aufwendungen gemäß IFRS als nicht wesentlich für die finanzielle Leistung von China Yuchai angesehen.
- Implementation of employee incentive program to retain key talent
- Structured two-phase approach minimizes immediate dilution
- Lock-up restrictions ensure long-term commitment from participants
- 20% equity dilution in Sky Cloud subsidiary
- Additional share-based expenses will impact profit and loss statement
The registered capital of Sky Cloud is
The Sky Cloud Interest will be granted in two (2) phases to the participants (the "Participants"), who are selected employees, directors and senior officers of Sky Cloud. Phase One will amount to an aggregate amount of
The Sky Cloud Interest will be held by separate partnership vehicles established by the Participants of the Equity Plan in different proportions. The Participants in turn hold direct interests in such partnership vehicles in accordance with the terms and conditions of the Equity Plan (including various lock-up restrictions as specified under the Equity Plan).
With the implementation of the Equity Plan, Yuchai aims to motivate and incentivize employees who play a vital role in Sky Cloud's long-term growth, and for their continued contributions, dedication and loyalty to Yuchai.
Under the International Financial Reporting Standards ("IFRS"), there is expected to be a charge of share-based expenses to the China Yuchai's profit and loss account in relation to the Equity Plan. Such charge will be determined based on, among other things, a valuation of Sky Cloud. The impact of the share-based expenses is considered immaterial to China Yuchai.
About China Yuchai International
China Yuchai International Limited, through its subsidiary Guangxi Yuchai Machinery Company Limited ("Yuchai"), is one of the leading powertrain solution providers in China. Yuchai specializes in the design, manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, pickups, construction and agricultural equipment, and marine and power generation applications. Yuchai offers a comprehensive portfolio of powertrain solutions, including but not limited to diesel, natural gas, and new energy products such as pure electric, range extenders, and hybrid and fuel cell systems. Through its extensive network of regional sales offices and authorized customer service centers, Yuchai distributes its engines directly to auto OEMs and distributors while providing after-sales services across
Safe Harbor Statement:
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "project", "targets", "optimistic", "confident that", "continue to", "predict", "intend", "aim", "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning China Yuchai group of entities' operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. China Yuchai cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in
For more information:
Investor Relations
Kevin Theiss
Tel: +1-212-510-8922
Email: cyd@bluefocus.com
View original content:https://www.prnewswire.com/news-releases/china-yuchai-subsidiary-adopts-equity-incentive-plan-302407776.html
SOURCE China Yuchai International
FAQ
What is the size of Sky Cloud's equity incentive plan announced by China Yuchai (CYD)?
When will Phase Two of CYD's Sky Cloud equity plan be implemented?
How much registered capital is being distributed in Phase One of CYD's equity plan?
Will the Sky Cloud equity plan significantly impact China Yuchai's (CYD) financial performance?
