Putailai(603659) Zheng Quan Zhi Xing·2025-06-04 11:30Core Points - The company has approved the 2025 stock option incentive plan, which includes the granting of 28.4809 million stock options [1][2] - The stock options will be granted to 256 core employees, representing 72.75% of the total options granted [3] - The total number of stock options granted under the plan is 32 million, with a reserved portion of 3.5191 million options [3] Group 1: Stock Option Grant Details - The stock option grant registration date is set for June 3, 2025 [1] - The plan has been approved with no opposing or abstaining votes, and one recusal [2] - The stock options have a maximum validity period of 60 months from the grant date [3] Group 2: Vesting and Exercise Arrangement - The waiting period for the stock options is 12 months from the grant date [4] - The exercise schedule includes three phases: 34% after 12 months, 33% after 24 months, and 33% after 36 months [4] - If the exercise conditions are not met, the options will be canceled [4] Group 3: Financial Impact - The stock option plan is expected to impact the company's financial results, with estimated amortization costs for the options over the years 2025 to 2028 [4][5] - The company anticipates that the positive effects of the incentive plan on performance will outweigh the associated costs [5]