Cheersson(SZ:002976) Zheng Quan Zhi Xing·2025-06-23 13:05Core Viewpoint - The company has approved a stock option incentive plan, granting 868,000 stock options to 28 incentive targets, with a reserved authorization date of June 20, 2025 [1][18]. Summary by Sections Stock Option Incentive Plan Overview - The stock option incentive plan was approved at the third extraordinary general meeting of shareholders in 2024, allowing the company to issue A-shares to the incentive targets [1]. - The plan aims to stabilize and attract high-end foreign talent, enhancing the core talent team for long-term development [3]. Granting Details - A total of 868,000 stock options will be granted, with 361,200 options (75.25%) allocated to core personnel and 94,800 options (19.75%) reserved [2]. - The total number of options granted represents 0.72% of the current total shares [15]. Waiting and Exercise Periods - The waiting period for the first grant of stock options is 15 months, with subsequent waiting periods of 27 and 39 months [3]. - The exercise periods for the granted options are structured into three phases, with specific timelines for each phase [6][10]. Performance Assessment Criteria - The performance assessment for the incentive plan includes annual revenue targets, with specific revenue goals set for 2024, 2024-2025, and 2024-2026 [11]. - Individual performance evaluations will determine the exercise ratio of stock options, categorized into four grades (A, B, C, D) [11]. Approval Procedures - The plan has undergone necessary approvals, including public disclosure and no objections received during the public notice period [13]. - The board of directors has been authorized to determine the grant date and manage the stock option issuance [12]. Financial Impact - The fair value of the stock options granted is estimated at 6.0844 million yuan, calculated using the Black-Scholes model [17]. - The costs associated with the stock options will be amortized over the relevant accounting periods [17]. Legal and Independent Financial Advisor Opinions - Legal opinions confirm that the granting of stock options complies with relevant laws and regulations [19]. - The independent financial advisor has also affirmed that the stock option plan meets all necessary legal requirements [19].