诺德股份推出3500万份股权激励，彰显公司发展信心

Core Viewpoint - The company, Nord Co., has announced a stock option incentive plan aimed at enhancing its competitive edge in the copper foil industry, which is facing talent shortages and a need for technological advancement [1][2]. Group 1: Stock Option Incentive Plan - The total number of stock options to be granted under the incentive plan is 35 million, accounting for 2.02% of the company's total share capital of 1,735.18 million shares [1]. - The exercise price for the stock options is set at 3.41 yuan per share [1]. - The first and reserved grant's performance targets for 2025 require either a 30% increase in copper foil sales volume or a 30% increase in revenue compared to 2024 [1]. - The second grant's performance targets for 2026 also require a 30% increase in sales volume or revenue compared to 2025 [1]. - A total of 124 individuals, including directors, senior management, and key technical and business personnel, are included as incentive recipients [1]. Group 2: Industry Context and Implications - The copper foil industry is characterized by intense competition for talent and a scarcity of individuals with core technical and management expertise [2]. - The introduction of the stock option plan is expected to create a long-term incentive mechanism that enhances internal cohesion and supports business growth [2]. - The exercise price being close to the current stock price reflects the company's confidence in its long-term development [2]. - The industry has been experiencing a slowdown in new capacity construction due to consecutive losses, leading to the elimination of some smaller firms and accelerating industry consolidation [2]. - The performance of Nord Co. in Q1 2025 showed a significant year-on-year increase in net profit by 60.1%, indicating a potential industry turning point [3]. - Other copper foil manufacturers, such as Jiayuan Technology and Defu Technology, have also reported varying degrees of growth, suggesting an overall improvement in the industry [3].