Zheng Quan Zhi Xing·2025-07-02 16:14Core Viewpoint - The announcement details the results of the stock option incentive plan for the second quarter of 2025, highlighting the number of shares exercised and the adjustments made to the stock option plan due to various corporate actions [1][2][3]. Group 1: Stock Option Exercise Results - A total of 446,622 shares were exercised by the incentive plan participants, with the shares to be listed for trading on the second trading day after the exercise date [1][6]. - The stock option exercise was conducted under the self-exercise model, and the newly issued shares are unrestricted for trading [6][9]. Group 2: Adjustments to Stock Option Plan - The exercise price for the first grant of options was adjusted from 3.15 CNY/share to 2.28 CNY/share, and for the reserved options from 2.69 CNY/share to 1.82 CNY/share due to the 2021 profit distribution [3][4]. - The company has also canceled unexercised options for individuals who no longer meet the eligibility criteria due to retirement, resignation, or performance issues, totaling 6,251,028 options [4][5]. Group 3: Impact on Share Capital Structure - Following the exercise of options, the total number of shares increased from 15,489,308,117 to 15,489,754,739, reflecting the addition of the exercised shares [9]. - The company raised 446,622 CNY from the exercise, which will be used to supplement its working capital [9][10]. Group 4: Financial Impact - The exercise of stock options is not expected to have a significant impact on the company's financial condition or operating results [10].