Midea Group(SZ:000333) Zheng Quan Zhi Xing·2025-07-13 08:12Core Viewpoint - Midea Group has announced the commencement of the third exercise period for its eighth stock option incentive plan, with a total of 19,722,008 stock options eligible for exercise by 1,255 incentive targets [1][7][10]. Group 1: Stock Option Plan Details - The eighth stock option incentive plan was approved at the 2020 annual general meeting, allowing for the granting of stock options to 1,901 incentive targets, totaling 82.48 million options at an exercise price of 82.98 yuan per share [2][3]. - The exercise price has been adjusted multiple times, currently set at 70.78 yuan per share for the third exercise period [10][12]. - The total number of stock options has been adjusted from 82.48 million to 81.74 million due to changes in the list of incentive targets [3][5]. Group 2: Exercise Conditions and Compliance - The exercise conditions for the third period have been met, with no disqualifying events occurring for the company or the incentive targets [7][12]. - The incentive targets must have achieved performance assessments that are not rated as "poor" in the previous two years to be eligible for exercising options [9][12]. - The company has established compliance measures to ensure that the exercise of options does not occur during sensitive periods, such as before financial report announcements [12][13]. Group 3: Financial Implications - If all eligible options are exercised, the company's total share capital will increase by 19,722,008 shares, resulting in an increase in shareholder equity by approximately 1.396 billion yuan [14]. - The funds raised from the exercise of options will be stored in a designated bank account and used to supplement the company's working capital [14]. Group 4: Future Disclosure Arrangements - The company will disclose the status of stock option exercises, changes in incentive targets, and adjustments to stock option parameters in its semi-annual and annual reports [14].