BAMC(SH:601137) Zheng Quan Zhi Xing·2025-07-20 08:22Core Viewpoint - The announcement details the implementation of the stock option and restricted stock incentive plan for Ningbo Bowei Alloy Materials Co., Ltd., highlighting the second exercise period for stock options and the conditions for exercising these options. Group 1: Incentive Plan Overview - The number of stock options to be exercised in the second exercise period is 10.824 million [1] - The source of the exercised stocks will be the company's A-share common stocks issued to the incentive recipients [1] - The exercise period is set from July 24, 2025, to June 29, 2026, with actual trading available on the second trading day after the exercise date [1] Group 2: Approval and Implementation - The incentive plan has undergone necessary approval procedures, with independent directors expressing support for its alignment with the company's sustainable development [1][2] - The plan was approved by the shareholders' meeting, allowing the board to grant stock options and restricted stocks to eligible recipients [2] Group 3: Historical Grant and Adjustment - The total number of stock options granted in the first round was 43.805 million, with 524 recipients [3] - The number of restricted stocks granted was 2.4 million, with 4 recipients [4] - Adjustments to the exercise price have been made, reducing it from 15.30 yuan to 14.85 yuan per share [7] Group 4: Exercise Conditions - The exercise conditions for the second exercise period have been met, allowing 445 recipients to exercise a total of 10.824 million stock options [14] - The adjusted exercise price for the options is 14.35 yuan per share [14] - The exercise must comply with specific conditions, including the company's financial performance and the recipients' eligibility [10][11] Group 5: Performance Metrics - The company's net profit target for 2024 is set at 1.366 billion yuan, representing a growth rate of at least 40% compared to 2022 [12] - The performance evaluation will influence the individual exercise amounts based on the recipients' annual performance ratings [12][13] Group 6: Legal Compliance - The legal opinion confirms that the company has fulfilled necessary approvals and that the conditions for exercising stock options and lifting restrictions on restricted stocks have been met [17]