sntonly(834599) 证券之星· Zheng Quan Zhi Xing·2025-05-21 13:47Core Viewpoint - The announcement details the achievement of the exercise conditions for the second exercise period of the stock option incentive plan for Shaanxi Tongli Heavy Industry Co., Ltd, indicating that the company has met the necessary criteria for the stock options to be exercised [1][8][15]. Summary by Sections 1. Meeting and Decision-Making Process - The company held the 25th meeting of the 5th Board of Directors and the 20th meeting of the 5th Supervisory Board on May 21, 2025, to review the stock option incentive plan [1][2]. - Due to insufficient non-related directors, the relevant proposals will be submitted for review at the first extraordinary shareholders' meeting on June 5, 2025 [1][2]. 2. Conditions for Exercise Achievement - The exercise conditions for the first grant of stock options have been met, with the waiting period for the second exercise period ending on April 17, 2025 [8][10]. - The company did not experience any disqualifying events, such as negative audit opinions or violations of profit distribution regulations, which allows the exercise conditions to be fulfilled [10][11]. 3. Performance Assessment - The performance assessment for the company requires a revenue of CNY 4,094,310,303.09 for 2023 and CNY 6,144,633,130.71 for 2024, with a growth rate of at least 50.08% [10][11]. - The individual performance assessment for the incentive objects will be conducted according to the company's existing salary and assessment regulations, with all 12 incentive objects achieving an "excellent" rating [11][12]. 4. Stock Option Pricing Adjustments - The exercise price for the stock options was adjusted from CNY 4.54 to CNY 4.04 per share, and subsequently to CNY 3.35 per share following the annual equity distribution [13][14]. - The total number of stock options available for exercise is 4,000,000 shares, representing 50% of the granted options [13][16]. 5. Fundraising and Tax Arrangements - The funds raised from the exercise of stock options will be used to supplement the company's working capital [14]. - The incentive objects are responsible for their personal income tax payments, which the company will withhold and remit according to national tax regulations [14]. 6. Legal and Supervisory Opinions - The supervisory board has confirmed that the company meets the necessary qualifications for implementing the stock option incentive plan and that the exercise conditions have been achieved [15][16]. - Legal opinions affirm that the adjustments to the exercise price and the achievement of exercise conditions comply with relevant laws and regulations [16][17].