TONGYU(SZ:002792) Zheng Quan Zhi Xing·2025-06-12 14:09Core Points - The company, Guangdong Tongyu Communication Co., Ltd., has proposed a stock option and restricted stock incentive plan for 2025, aiming to enhance employee motivation and align interests between shareholders and the core team [1][2][9]. - The total number of rights to be granted under this incentive plan is 4.91 million shares, accounting for approximately 0.94% of the company's total share capital of 522.43 million shares [2][14]. - The plan includes 2.357 million stock options (0.45% of total shares) and 2.553 million restricted stocks (0.49% of total shares), with no reserved rights [2][14]. - The exercise price for stock options is set at 11.92 yuan per share, while the grant price for restricted stocks is 7.45 yuan per share [3][19]. - The incentive plan targets 242 individuals, including directors, senior management, middle management, and key technical/business personnel, excluding independent directors and major shareholders [5][12]. Plan Objectives and Principles - The primary objectives of the incentive plan are to motivate the core team, enhance shareholder value, and establish a long-term incentive and constraint mechanism [9][10]. - The principles guiding the plan include aligning the interests of shareholders, the company, and employees, ensuring a balance between incentives and constraints, and adhering to legal and regulatory requirements [10]. Management and Oversight - The shareholders' meeting is the highest authority responsible for approving the plan, while the board of directors will manage its implementation [11]. - The supervisory board will oversee the plan's execution to ensure it benefits the company's sustainable development and does not harm shareholder interests [11]. Performance Assessment - The performance assessment for the incentive plan will be based on company-level metrics such as revenue and net profit growth, with specific targets set for 2025 and 2026 [24][27]. - Individual performance evaluations will also be conducted, determining the proportion of stock options that can be exercised based on personal performance ratings [25][28]. Adjustments and Conditions - The plan includes provisions for adjusting the number of stock options and exercise prices in response to corporate actions such as stock splits or capital increases [28][29]. - Specific conditions must be met for the grant and exercise of stock options, including the absence of negative audit opinions and compliance with regulatory standards [22][23].