POCO(SZ:300811) Zheng Quan Zhi Xing·2025-07-09 16:25Core Viewpoint - The company has announced that the second exercise period of its stock option incentive plan has been achieved, allowing for self-exercise of stock options by eligible participants [1][24]. Summary by Sections Incentive Plan Overview - The stock option incentive plan involves 208 eligible participants with a total of 999,356 stock options available for exercise at a price of 35.50 yuan per option [1][2]. - The self-exercise period is set from July 10, 2025, onwards [1]. Conditions for Granting Stock Options - Eligible participants must meet specific conditions, including no negative audit opinions on financial reports for the last fiscal year and no disqualifying actions by regulatory bodies in the past 12 months [2][3][4]. - The company must not have experienced any significant financial irregularities or violations of laws that would disqualify the incentive plan [3][4]. Performance Assessment Criteria - The performance assessment includes both company-level financial targets and individual performance evaluations [5][19]. - The financial performance targets for the first exercise period required a minimum revenue of 1.4 billion yuan or a net profit of 240 million yuan for 2023 [5]. Approval and Compliance - The self-exercise conditions have been approved by the Shenzhen Stock Exchange, and the company has completed the necessary registration with the China Securities Depository and Clearing Corporation [2][24]. - The board of directors has confirmed that all conditions for the second exercise period have been met, allowing for the exercise of stock options [24]. Adjustments and Future Disclosures - The company will adjust the stock option exercise price and quantity based on its profit distribution plans and other corporate actions [12][15]. - Future disclosures will include updates on changes to incentive plan participants, stock option parameters, and the status of self-exercise activities [24].