ZDG(SZ:000906) Zheng Quan Zhi Xing·2025-06-25 18:51Summary of Key Points Core Viewpoint The announcement details the implementation and adjustments of the stock option incentive plan of Zhejiang Zhongtuo Group Co., Ltd., including the third exercise period for reserved stock options, the conditions for exercising these options, and the financial implications of these actions. Group 1: Stock Option Incentive Plan Overview - The stock option incentive plan was approved in March 2020, allowing for the initial grant of 37.62 million options and a reserved grant of 8.26 million options at an exercise price of 6.67 yuan per share [1][4]. - The plan has a maximum validity of 60 months from the grant date, with a waiting period of 24 months before options can be exercised [1][2]. Group 2: Exercise Conditions and Adjustments - The third exercise period allows for options to be exercised within 36 months after the first 24 months, with specific conditions that must be met [2][3]. - Adjustments to the reserved stock options have occurred due to resignations and performance evaluations, reducing the number of eligible options from 606,000 to 573,000 [7][8]. Group 3: Financial Impact and Shareholder Structure - The exercise of stock options will dilute the shareholding of the controlling shareholder, Zhejiang Transportation Investment Group, from 45.00% to 44.93% [15]. - The total number of shares after the exercise will increase by 1,101,500 shares, representing 0.16% of the total share capital, with a minor impact on the company's earnings per share [19]. Group 4: Legal and Compliance Aspects - The company has complied with necessary legal procedures and regulations regarding the stock option exercise, as confirmed by legal opinions [19]. - The funds raised from the exercise will be used to supplement the company's working capital [19].