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SHARE-BASED AWARDS (Tables)

12 Months Ended

Dec. 31, 2025

SHARE-BASED AWARDS

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	%

Summary of restricted shares

​

​	​	​	​	​
​	​	​	​	Fair Value per Share
​	​	​	​	at the Grant
Grant Date	​ ​ ​	Number of Awards	​ ​ ​	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

​

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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

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-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

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-SubTopic 10
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-Paragraph 2
-Section 50
-Publisher FASB
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