Compensation
Fiscal year 2025
- For fiscal year ended December 31, 2025, the aggregate cash compensation and benefits paid to directors and executive officers were approximately RMB28 million (US$4 million).
- No pension, retirement or similar benefits have been set aside or accrued for executive officers or directors.
- No service contracts with any directors providing for benefits upon termination of employment.
- Share incentive plans: Amended 2009 Share Incentive Plan (430 million ordinary shares authorized, terminating 2029) and Amended 2023 Share Incentive Plan (300 million ordinary shares authorized, terminating 2038).
- Typical option vesting: 50% on second anniversary of vesting commencement date, then 1/48 per month over next two years.
- Typical restricted stock vesting: 50% on second anniversary of vesting commencement date, then 1/8 each six-month period over next two years.
- Outstanding options as of December 31, 2025: Qi Ji (7,240,910 @ $2.80, expires May 31, 2033), Hui Jin (7,913,300 @ $2.80, expires May 31, 2033), other individuals as a group (9,251,820).
- Outstanding restricted stocks as of December 31, 2025 include awards to Qi Ji (36,003,400 total), Hui Jin (9,738,180 total), John Jiong Wu (262,480), Jie Zheng (1,617,170), Theng Fong Hee (194,520), Lei Cao (186,400), Yi Zhang (262,480), Justin Martin Leverenz (656,200), and other individuals as a group (64,416,960).