Measures for the Administration of the Equity Incentives of Listed Companies (Trial Implementation)

上市公司股权激励管理办法 (试行)

Listed companies can apply for implementation of equity incentive measures and establish a comprehensive incentive and regulatory scheme.

(Issued by the China Securities Regulatory Commission on December 31 2005 and effective as of January 1 2006.)

(中国证券监督管理委员会于二零零五年十二月三十一日发布，自二零零六年一月一日起施行。)

Zheng Jian Gong Si Zi [2005] No.151

証监公司字 [2005] 第151号

PART ONE: GENERAL PROVISIONS

第一章总则

Article 1: These Measures have been formulated pursuant to the PRC Company Law, the PRC Securities Law and other relevant laws and administrative regulations in order to promote the establishment and improvement of incentive and constraint mechanisms by listed companies.

第一条为进一步促进上市公司建立、健全激励与约束机制，依据
《中华人民共和国公司法》、《中华人民共和国証券法》及其他有关法律、行政法规的规定，制定本办法。

Article

第二条本办法所称股权激励是指上市公司以本公司股票为标的，对其董事、监事、高级管理人员及其他员工进行的长期性激励。