YINLUN(SZ:002126) Zheng Quan Zhi Xing·2025-06-20 12:25Core Viewpoint - The announcement details the achievement of the third exercise condition for the stock option incentive plan of Zhejiang Yinlun Machinery Co., Ltd, allowing 358 eligible participants to exercise a total of 11,679,250 stock options at a price of 9.76 yuan per share, representing 1.3991% of the company's total share capital [1][2][14]. Summary by Sections Stock Option Incentive Plan - The stock option incentive plan was approved by the company's board and aligns with the relevant regulations, confirming that the third exercise condition has been met [2][10]. - The plan includes a total of 11,679,250 stock options available for exercise, with the exercise price set at 9.76 yuan per share [1][14]. Approval Process - The stock option incentive plan underwent necessary approval procedures, including independent opinions from the board of directors and the supervisory board [2][3][16]. - The plan was initially approved at the company's second extraordinary general meeting in 2022 [5][7]. Performance Assessment - The performance assessment for the incentive plan spans from 2022 to 2025, with specific annual targets for net profit and revenue [7][8]. - The targets for the first exercise period include a net profit of at least 400 million yuan and revenue of at least 9 billion yuan for 2022 [7]. Impact on Financials - If all options are exercised, the company's total share capital will increase from 834,797,184 shares to 846,476,434 shares, potentially affecting earnings per share and return on equity [14]. - The exercise of stock options is not expected to have a significant impact on the company's financial condition or operational results for the current year [15]. Legal and Compliance - The company has obtained necessary approvals and authorizations for the exercise of stock options, ensuring compliance with relevant laws and regulations [17][18]. - The independent financial advisor has confirmed that the conditions for the exercise of stock options have been met [17].