VEICHI(SH:688698) Zheng Quan Zhi Xing·2025-07-18 10:19Core Points - The announcement details the results of the third vesting period of the 2022 Restricted Stock Incentive Plan and the second vesting period of the reserved grant, as well as the first exercise period of the 2024 Stock Option Incentive Plan [1][2][3] - A total of 2,419,500 shares will be listed for trading on July 24, 2025, as part of the stock incentive plans [1][15] - The company has completed the necessary registration work for the stock grants and options [2][18] Summary of the 2022 Incentive Plan - The third vesting period of the 2022 plan allows 286,000 shares to vest, with 114,400 shares (40%) allocated to 166 eligible participants [12] - The second reserved grant vesting period allows 50,500 shares to vest, with 25,250 shares (50%) allocated to 45 eligible participants [12] - The stock source for the 2022 plan is the company's A-share ordinary stock issued to the incentive objects [12] Summary of the 2024 Incentive Plan - The first exercise period of the 2024 plan allows for 3,410,000 stock options to be exercised, with 1,023,000 options (30%) allocated to 85 eligible participants [14] - The stock source for the 2024 plan is also the company's A-share ordinary stock issued to the incentive objects [14] Stock Listing and Capital Changes - The total number of shares after the vesting and exercise will increase from 211,375,274 to 213,794,774 shares [17] - The company has confirmed that the stock grants and options do not lead to a change in control [17] Financial Impact - Following the vesting and exercise, the basic earnings per share for the first quarter of 2025 will be diluted, calculated based on the new total share count [19]