LUXSHARE-ICT(SZ:002475) Zheng Quan Zhi Xing·2025-07-03 16:26Core Viewpoint - The announcement details the completion of the initial registration for the 2025 stock option incentive plan by Luxshare Precision Industry Co., Ltd, highlighting the approval processes, specific conditions for stock option grants, and the expected impact on the company's financial status [1][2][4]. Group 1: Approval Process - The company has completed the necessary approval procedures for the 2025 stock option incentive plan, which includes the review and approval by the board of directors and the supervisory board [1][2]. - The plan was publicly disclosed, and no objections were raised during the public notice period [1]. Group 2: Stock Option Grant Details - The stock options granted under this plan have a maximum validity of 84 months from the date of the first grant [2]. - The waiting periods for the stock options are set at 12, 24, 36, 48, and 60 months, during which the options cannot be transferred or used as collateral [2]. - The plan specifies that the stock options will be exercisable in five phases, with 20% of the options becoming exercisable at each phase [2]. Group 3: Performance Targets - The performance assessment for the stock options is based on annual revenue targets from 2025 to 2029, with specific revenue goals set for each year [2]. - The revenue targets are as follows: 2025 - 290 billion, 2026 - 320 billion, 2027 - 350 billion, 2028 - 380 billion, and 2029 - 410 billion [2]. Group 4: Impact on Financial Status - The stock option plan is expected to influence the company's financial statements, with costs being amortized over the waiting period based on the fair value of the options [4]. - The incentive plan aims to align the interests of shareholders, the company, and core team members, promoting sustainable and rapid development [4].