Focus Tech.(SZ:002315) Zheng Quan Zhi Xing·2025-07-08 16:19Core Viewpoint - The company has announced the first grant of stock options under its 2025 stock option incentive plan, with a total of 12.2815 million options to be granted at a price of 29.04 yuan per option, effective from July 8, 2025 [1][10][14]. Summary by Sections Stock Option Grant Details - The total number of stock options to be granted is 15.3240 million, accounting for approximately 4.83% of the company's total share capital of 317.235869 million shares as of the plan's announcement date [2][10]. - The first grant will involve 12.2815 million options, which is 0.95% of the total share capital and 19.58% of the total options to be granted [2][10]. Grant Conditions and Structure - The stock options will be granted to 1,145 eligible participants, with a waiting period of at least 12 months before the options can be exercised [1][4]. - The options have a maximum validity period of 48 months from the grant date [4]. Performance Assessment Criteria - The performance targets for the options are based on net profit growth, with specific annual growth rates set for 2025, 2026, and 2027, starting from the 2024 net profit as a baseline [6][10]. - The company will assess performance annually, and if targets are not met, the options for that year will not be exercisable [6][10]. Individual Performance Evaluation - Individual performance will be evaluated based on internal criteria, with four levels of assessment (A, B, C, D) corresponding to different exercise ratios [6][10]. Legal and Compliance Procedures - The plan has undergone necessary approvals and legal reviews, confirming that all conditions for granting the options have been met [9][17]. - The company has disclosed all relevant information regarding the incentive plan in compliance with regulatory requirements [9][18]. Financial Impact - The estimated total fair value of the options granted is 251.0335 million yuan, which will be recognized as an expense over the vesting period [14][15]. - The plan is expected to positively impact the company's performance by motivating key employees and improving operational efficiency [14][15].