SK(SH:688155) Zheng Quan Zhi Xing·2025-06-20 11:29Core Points - The company has announced the achievement of the first exercise conditions for its 2023 stock option incentive plan, allowing for the exercise of 429,089 shares [1][8][15] - The stock options were granted to 621 incentive objects, with a total of 2,812,320 options initially granted, adjusted from 2,900,440 due to resignations and voluntary forfeitures [3][6][15] - The exercise price has been adjusted from 54.00 CNY/share to 38.06 CNY/share, and the total number of options available for exercise has been updated accordingly [4][7][15] Summary by Sections Stock Option Incentive Plan Approval and Implementation - The stock option incentive plan was approved by the board and independent directors, with the necessary procedures followed for its implementation [1][2] - The plan includes a waiting period for stock options, which is set at 12, 24, and 36 months from the grant date [6][8] Adjustments to Stock Options - The number of stock options granted was adjusted due to the departure of 7 individuals and the voluntary forfeiture of options by 36 individuals, resulting in a new total of 621 incentive objects [3][6] - The exercise price was adjusted multiple times, with the final price set at 38.06 CNY/share [4][7] Exercise Conditions and Performance Metrics - The first exercise period's conditions have been met, with 354 individuals eligible to exercise their options, representing 19.82% of the granted options [10][12][15] - The company's 2023 audited revenue reached approximately 2.45 billion CNY, a year-on-year increase of 35.63%, meeting the performance criteria for the exercise [9][10] Cancellation of Stock Options - A total of 1,343,535 stock options will be canceled due to individuals not meeting the exercise conditions, either through resignation or failure to achieve personal performance metrics [12][15][16] - The company will handle the cancellation of options in accordance with the stock option incentive plan regulations [12][15] Legal and Financial Considerations - The company has confirmed that the adjustments and exercise of stock options comply with relevant laws and regulations, and the financial impact of the stock option exercise is not expected to be significant [16][17]