Zhaojin Mining Industry Company Limited Stock Market Press Releases and Company Profile

View in Other Languages 招金矿业(HKG:1818)推行公司股票增值权激励计划 招金礦業(HKG:1818)推行公司股票增值權激勵計劃 Zhaojin Mining (HKG:1818) Launches Share Appreciation Rights Plan 
Zhaojin Mining (HKG:1818) Launches Share Appreciation Rights Plan
Zhaojin Mining (HKG:1818) Launches Share Appreciation Rights Plan

Hong Kong, Dec 30, 2009 AEST (ABN Newswire) - One of the PRC's leading gold production enterprises, Zhaojin Mining Industry Company Limited's ("Zhaojin Mining" or the "Company", HKG:1818) (PINK:ZHAOF) Board of Directors approved to adopt the share appreciation rights plan on 21 December 2009. The share appreciation rights plan is valid for ten years, subject to the review and approval by the State-owned Assets supervisory authorities and the general meeting.

The State-owned Assets supervisory authorities encourage state-owned holdings companies which are listed overseas to implement share option schemes. Currently, various Hong Kong-listed H shares Companies have already completed their share appreciation rights plan. To further drive the Company's development and enhance the employees' initiatives at work, the share appreciation rights plan is eligible to those senior management and key persons that may bear substantial effect to the realization of the Company's strategic missions, such as senior management at the headquarter, managers under different divisions at the headquarters, management of the fellow subsidiaries (including branches, wholly owned subsidiaries and subsidiaries under control), core technical staff and key persons nominated by the board of the Company (or authorized by the remuneration committee or the management). The initial batch will be granted to senior management at the headquarters and key management of the fellow subsidiaries (including branches, wholly owned subsidiaries and subsidiaries under control).

Mr. Lu Dongshang, Chairman of Zhaojin Mining Industry Company Limited said, "The implementation of the share appreciation rights based share option scheme could link up the benefits of the Company, its shareholders and the management, thus strengthening its corporate governance and avoid the adverse effects due to talent lost. The share option scheme is a long-term plan which will further drive the business development of the Company through capital market operations."

Issued by Porda International (Finance) PR Group for and on behalf of Zhaojin Mining Industry Company Limited.

Contact

Porda International (Finance) PR Company Limited
Ms. Kylie Yeung
Tel: (852) 3150 6770
Email: kylie.yeung@pordafinance.com.hk

Ms. Ada Leung
Tel: (852) 3150 6732
Email: ada.leung@pordafinance.com.hk

Fax: (852) 3150 6728


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