LIUGONG(SZ:000528) Zheng Quan Zhi Xing·2025-07-14 16:25Core Viewpoint - The company has announced the achievement of the exercise conditions for the first tranche of its 2023 stock option incentive plan, allowing 915 eligible participants to exercise a total of 19.820252 million stock options, representing 0.98% of the company's total share capital, at an exercise price of 6.63 yuan per share [1][12][16]. Summary by Sections Stock Option Incentive Plan - The company held meetings to approve the 2023 stock option incentive plan and its management methods, with independent directors providing opinions on the related proposals [2]. - The plan has undergone necessary approvals, including verification by the supervisory board and approval from the Guangxi State-owned Assets Supervision and Administration Commission [3][4]. Adjustments and Conditions - The initial number of eligible participants was adjusted from 987 to 974 due to departures and voluntary withdrawals, with the total stock options granted reduced from 53.39 million to 53.14 million [6][8]. - The exercise price for the stock options was adjusted from 7.20 yuan to 7.10 yuan, and subsequently to 6.63 yuan due to dividend distributions [7][9]. Performance Assessment - The first exercise period's conditions have been met, with the waiting period ending on July 12, 2025, and the company confirming that no disqualifying events occurred [9][12]. - The performance assessment for the eligible participants was conducted, with 915 individuals meeting the necessary criteria to exercise their options [10][16]. Financial Impact - If all options are exercised, the company's total share capital will increase by 19,820,252 shares, with no significant impact on the overall equity structure or the controlling shareholder [14][15]. - The exercise of these options is expected to have a minimal effect on the company's earnings per share and return on equity [15]. Legal and Compliance - The company has complied with all legal requirements for the stock option plan, and the supervisory board has confirmed the legitimacy of the exercise conditions [16][17].