Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-05-18 22:41Core Viewpoint - The company has successfully completed the second exercise period of its 2022 stock option incentive plan, allowing selected participants to exercise their options under specified conditions [2][8][22]. Summary by Sections Stock Option Details - The stock option referred to as "Shenwu JLC1" has the code 037321, with a total of 2,934,978 options exercised, representing approximately 0.46% of the company's total share capital of 643,620,201 shares [2][22]. - The exercise price for the options is set at 3.77 yuan per share [12][22]. Approval Process - The company held multiple board and supervisory meetings to approve the stock option incentive plan and its subsequent amendments, ensuring compliance with legal and regulatory requirements [3][4][5][6]. - Independent directors and external advisors provided necessary opinions and confirmations throughout the approval process [3][5][6]. Exercise Conditions - The conditions for the second exercise period have been met, allowing eligible participants to proceed with exercising their options [22][25]. - The exercise period for the options is defined from December 30, 2024, to December 26, 2025, with a centralized exercise method [23][22]. Impact on Share Capital - Following the exercise of options, the company's registered capital will increase from 643,620,201 yuan to 646,555,179 yuan, reflecting the issuance of new shares [31][32]. - The total number of shares will increase, which may affect the company's earnings per share and net asset return rates [32]. Financial Management - Funds raised from the exercise will be stored in a dedicated account to supplement the company's working capital [31]. - Participants are responsible for their personal income tax, which will be withheld and paid by the company [31]. Compliance and Legal Opinions - The company has obtained necessary approvals and legal opinions confirming that the exercise conditions have been fulfilled and that the actions taken are in accordance with relevant laws and regulations [35][36][37].