NNCC(SH:600435) Shang Hai Zheng Quan Bao·2025-07-01 19:11Core Viewpoint - The announcement details the results of the third exercise period of the 2020 stock option incentive plan of Beifang Navigation Control Technology Co., Ltd., highlighting the number of options exercised and the implications for the company's stock structure and financial situation [2][6]. Summary by Sections Stock Option Exercise Details - The number of stock options available for exercise in the third period is 6,612,255 options, with the actual exercise period from January 16, 2025, to December 29, 2025 [2]. - As of June 30, 2025, a total of 4,370,316 shares have been exercised, accounting for 66.09% of the total options available [2][6]. - The shares obtained through the exercise will be tradable on the second trading day after the exercise date [2][6]. Decision-Making Process and Disclosure - The board of directors approved the stock option incentive plan on November 15, 2020, and the independent directors provided their opinions on the plan [3]. - The plan received approval from the State-owned Assets Supervision and Administration Commission on December 29, 2020 [3][4]. Stock Structure Changes - The third exercise period involved 81 eligible participants, with 40 participating in the second quarter of 2025 [6]. - The exercise did not result in changes to the controlling shareholder structure, with the major shareholders' holdings remaining stable [8]. Fundraising and Financial Impact - The total funds raised from the exercise in the second quarter of 2025 amounted to 16,864,809.44 yuan, with a cumulative total of 36,946,057.64 yuan raised by June 30, 2025 [8]. - The funds will be used to supplement the company's working capital [8]. - The exercise of options is not expected to have a significant impact on the company's financial status or operating results [8].