双环传动: 关于2022年股票期权激励计划首次授予的股票期权第三个行权期采用自主行权模式的提示性公告

Core Viewpoint - The announcement details the third exercise period of the stock option incentive plan for Zhejiang Shuanghuan Transmission Machinery Co., Ltd, highlighting the conditions for exercising options and the adjustments made to the plan [1][2][3]. Summary by Sections Stock Option Exercise Details - The third exercise period allows 370 incentive participants to exercise stock options from July 21, 2025, to May 22, 2026 [1]. - The total number of stock options available for exercise during this period is 672,300 shares, with a corresponding exercise ratio of approximately 30% [19]. 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]. - The company has followed all required approval procedures for the 2022 stock option incentive plan, including the review of related proposals by the board and supervisory committee [3][4]. Performance Assessment - The performance assessment for the third exercise period is based on the company's net profit target of no less than 950 million yuan for the year 2024, with the actual profit reported at approximately 1.038 billion yuan, resulting in a performance achievement rate of 109.26% [9][10]. - Out of the incentive participants, 368 achieved "excellent" or "good" performance ratings, allowing them to exercise their options at a 100% rate [10]. Adjustments and Cancellations - The stock option plan has undergone adjustments, including changes in the number of participants and the exercise price due to equity distributions, with the exercise price adjusted from 16.69 yuan to 16.57 yuan [6][12][15]. - A total of 218,040 stock options have been canceled due to participants leaving the company or not meeting performance conditions [18]. Impact on Company Structure - If all options are exercised, the company's total share capital will increase by 2,016,300 shares, with the new share structure remaining compliant with listing requirements [20][21]. - The exercise of options is not expected to significantly impact the company's earnings per share or return on equity [21].