VEICHI(SH:688698) Zheng Quan Zhi Xing·2025-06-25 19:32Group 1 - The board of directors of Suzhou Weichuang Electric Technology Co., Ltd. held its third meeting on June 25, 2025, with all six directors present, confirming compliance with relevant laws and regulations [1] - The board approved the adjustment of the grant price for the 2022 restricted stock incentive plan and the exercise price for the 2024 stock option incentive plan, following the relevant provisions and authorizations from previous shareholder meetings [1][2] - The board also approved the cancellation of certain restricted stocks and stock options due to the departure of incentive recipients, totaling 14,000 restricted stocks and 30,000 stock options [2][3] Group 2 - The board approved the fulfillment of vesting conditions for 1,144,000 shares for 166 eligible recipients under the 2022 restricted stock incentive plan [3][5] - The board confirmed the fulfillment of vesting conditions for 252,500 shares for 45 eligible recipients under the reserved portion of the 2022 restricted stock incentive plan [5] - The board acknowledged that the exercise conditions for the first exercise period of the 2024 stock option incentive plan have been met, allowing 1,251,000 options for 90 eligible recipients to be exercised [6]