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SHARE-BASED AWARDS (Tables)

12 Months Ended

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

X

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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