天马科技: 天马科技关于2024年股票期权激励计划第一个行权期自主行权实施公告

Core Viewpoint - The announcement details the first exercise period of the 2024 stock option incentive plan for Tianma Technology Group, allowing eligible participants to exercise a total of 3.8632 million stock options starting from July 9, 2025 [1][5][9]. Summary by Sections Incentive Plan Approval and Implementation - The board of directors approved the stock option incentive plan, which includes a total of 123 eligible participants and a total of 3.8632 million stock options available for exercise [1][9]. - The plan underwent necessary decision-making procedures and disclosures, including independent legal and financial opinions [1][4]. Historical Stock Option Granting - The total number of stock options granted was adjusted from 9.2 million to 10.12 million due to changes in the number of eligible participants and the exercise price was set at 13.60 yuan per option [4][5]. - The number of eligible participants was reduced from 155 to 140 due to resignations and other reasons [4][5]. Conditions for the First Exercise Period - The first exercise period is defined as starting from the authorization date (July 9, 2024) and lasting until July 8, 2025, with a maximum exercise ratio of 40% of the total granted options [5][6]. - The company achieved the performance targets necessary for the exercise conditions, including a revenue growth rate of at least 15% compared to the previous year [6][9]. Specifics of the First Exercise - The exercise quantity is set at 3.8632 million options, with an adjusted exercise price of 13.56 yuan per option [5][6]. - The exercise method is self-exercise, and the options will be sourced from the company's directed issuance of A-shares [5][7]. Financial Accounting for Stock Options - The company will use the Black-Scholes model to determine the fair value of the stock options at the grant date and will amortize the related expenses during the waiting period [8][9]. Verification by Committees - The remuneration and assessment committee confirmed that all 123 participants meet the exercise conditions, and the supervisory board also validated the eligibility of the participants [9][10].