XJJW(SH:600888) Zheng Quan Zhi Xing·2025-07-01 16:41Core Viewpoint - The company has approved the 2021 Restricted Stock and Stock Option Incentive Plan, which includes the draft plan and management measures for implementation, as well as the authorization for the board to handle related matters [1][2]. Group 1: Incentive Plan Details - The third phase of the stock option incentive plan allows for a total of 16,528,000 options, with the exercise period from November 29, 2024, to November 14, 2025 [2]. - As of June 30, 2025, no shares have been exercised under the incentive plan, representing 0% of the total options available [3][5]. - The plan includes provisions for the listing and trading of shares acquired through the exercise of options, which can occur on the second trading day after the exercise date [3][4]. Group 2: Shareholder and Capital Structure Changes - The total number of shares before the exercise was 1,376,187,708, and after the exercise, it increased to 1,403,711,261, with no change in the controlling shareholder [6]. - The company did not receive any funds from the exercise of options, and this has no impact on the latest financial report [6][5]. Group 3: Participation and Restrictions - A total of 308 individuals were eligible to exercise options in the third phase, but none participated as of the second quarter of 2025 [4][5]. - If any directors or senior management participate in future exercises, their newly acquired shares will be subject to lock-up and transfer restrictions according to relevant laws [5].