Re: Q&A in connection with performance rewards for merger and acquisition

关于并购重组业绩奖励有关问题与解答（2016年1月15日）

V. Relevant Q&A relating to performance award for merger and acquisition (January 15, 2016)

上市公司重大资产重组方案中，基于相关资产实际盈利数超过利润预测数而设置对标的资产交易对方、管理层或核心技术人员的奖励对价、超额业绩奖励等业绩奖励安排时，有哪些注意事项？

What should be paid special attention to when the material assets restructuring plans of a listed company set up the performance award arrangements, i.e. award consideration, excess performance award, etc. for the counter party, management or key technical staff of underlying assets based on the surplus of the actual profit compared with the forecasted profit of the related assets?

答复：1.上述业绩奖励安排应基于标的资产实际盈利数大于预测数的超额部分，奖励总额不应超过其超额业绩部分的100%，且不超过其交易作价的20%。

Reply: 1. The said performance award arrangements shall be based on the surplus of the actual profit compared with the forecasted profit of the underlying assets, and total award amount shall not exceed 100% of its overfulfilled performance as well as 20% of transaction pricing.

2.上市公司应在重组报告书中充分披露设置业绩奖励的原因、依据及合理性，相关会计处理及对上市公司可能造成的影响。

2. Listed companies should fully disclose the reasons, basis and rationality of setup of performance award, relevant accounting handling as well as the influences on the listed companies in restructuring report.

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