Recently, GAC Group (601238. SH; 2238. HK) disclosed its 2020 A-share option and restricted share incentive plan. According to the announcement on the draft of the incentive plan, GAC Group intends to grant incentive equities of no more than 220 million, approximately accounting for 2.14% of total share capital then. Share options and restricted shares will be equally allocated under the incentive plan, with the exercise price and granting price of 9.98 yuan/share and 4.99 yuan/share.

According to the announcement, absolute and relative business indicators in the coming three accounting years will be comprehensively assessed under the incentive plan of GAC Group.