Equity incentive targets can include directors, senior managers, core technicians or core business personnel of listed companies, and other employees that the company believes should be encouraged to have a direct impact on the company's operating performance and future development, but independent directors and supervisors should not be included. Foreign employees working in China who are directors, senior managers, core technicians or core business personnel of listed companies may become incentive targets. Shareholders or actual controllers who individually or collectively hold more than 5% of the shares of a listed company and their spouses, parents and children shall not be the incentive targets. The following persons are also not allowed to be the incentive targets: (1) those who have been recognized as inappropriate candidates by the stock exchange in the last 12 months; (2) Being recognized as an inappropriate candidate by the China Securities Regulatory Commission and its dispatched offices in the last 12 months; (3) In the last 65,438+02 months, he was given an administrative penalty by the China Securities Regulatory Commission and its dispatched offices for major violations of laws and regulations, or was taken a market ban measure; (4) The situation that he is not allowed to be a director or senior manager of the company as stipulated in the Company Law; (five) laws and regulations shall not participate in the equity incentive of listed companies; (six) other circumstances identified by the China Securities Regulatory Commission. Article 8 of the Measures for the Administration of Equity Incentives of Listed Companies