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SHARE-BASED AWARDS (Tables) | 12 Months Ended
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Dec. 31, 2018
Schedule of Assumptions Used |
|  | February 18, 2014 |
Risk-free interest rate |  |  | 2.33 | %
Dividend yield |  |  | 5 | %
Exercise multiple |  |  | 2.5 |
Expected volatility range |  |  | 39.03 | %
Schedule of Stock Options | The following table summarizes employee share options activities for the year ended December 31, 2018:
Share Options Granted to Employees |  | Number of Shares |  |  | Weighted- Average Exercise Price |  |  | Weighted Average Grant-date Fair Value |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
Outstanding, January 1, 2018 |  |  | 3,217,087 |  |  | US$ | 5.11 |  |  | US$ | 0.81 |  |  |  | 13.13 |  |  |  | - |
Granted |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Forfeited |  |  | (240,954 | ) |  | US$ | 2.04 |  |  | US$ | 0.65 |  |  |  | - |  |  |  | - |
Outstanding, December 31, 2018 |  |  | 2,976,133 |  |  | US$ | 5.36 |  |  | US$ | 0.83 |  |  |  | 14.19 |  |  |  | - |
Expected to vest, December 31, 2018 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Exercisable at December 31, 2018 |  |  | 2,976,133 |  |  | US$ | 5.36 |  |  | US$ | 0.83 |  |  |  | 14.19 |  |  |  | - |
Summary of Restricted Shares |
Grant Date |  | Number of Awards |  |  | Fair Value per Share at the Grant date (US$) |
February 18, 2014 |  |  | 1,370,250 |  |  |  | 1.93 |
July 1, 2014 |  |  | 21,132 |  |  |  | 2.35 |
August 1, 2014 |  |  | 69,564 |  |  |  | 2.44 |
August 7, 2017 |  |  | 1,453,950 |  |  |  | 1.33 |
August 8, 2017 |  |  | 3,319,200 |  |  |  | 1.34 |
September 13, 2017 |  |  | 45,000 |  |  |  | 1.33 |
October 2, 2018 |  |  | 5,992,605 |  |  |  | 1.19 |
The Company recognizes the compensation expense on a straight-line basis over the requisite service period for the entire award. Restricted Shares activity for the year ended December 31, 2018 was as follows:
|  | Numbers of shares |  |  | Weighted average grant date fair value |
|  | RMB |  |  | US$ |
Outstanding, January 1, 2018 |  |  | 6,041,847 |  |  |  | 1.17 |
Granted |  |  | 5,992,605 |  |  |  | 1.34 |
Forfeited |  |  | (374,250 | ) |  |  | 1.34 |
Vested |  |  | (86,400 | ) |  |  | 1.16 |
Outstanding, December 31, 2018 |  |  | 11,573,802 |  |  |  | 0.64 |
Expected to vest, December 31, 2018 |  |  | 11,573,802 |  |  |  | 0.64 |
Schedule of Share-Based Compensation Expense |
|  | For the Years ended December 31, |
|  | 2016 |  |  | 2017 |  |  | 2018 |  |  | 2018 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
General and administrative expenses |  |  | 7,573 |  |  |  | 10,099 |  |  |  | 9,173 |  |  |  | 1,334 |
Selling expenses |  |  | 827 |  |  |  | 1,542 |  |  |  | 1,966 |  |  |  | 286 |
|  |  | 8,400 |  |  |  | 11,641 |  |  |  | 11,139 |  |  |  | 1,620 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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