VASTDATA(SH:603138) Zheng Quan Zhi Xing·2025-07-21 10:23Core Viewpoint - Beijing Haoliang Data Technology Co., Ltd. has approved a stock option incentive plan for 2025, aimed at motivating key personnel and aligning their interests with shareholders [1][5][13]. Group 1: Incentive Plan Overview - The stock option incentive plan allows designated individuals to purchase a certain number of company shares at a predetermined price within a specified period [1][5]. - The plan includes a total of 17,659,962 stock options, representing 6.00% of the company's total share capital at the time of the announcement [6][9]. - The plan's effective period lasts until all granted stock options are exercised or canceled, with a maximum duration of 117 months [6][7]. Group 2: Approval and Authorization - The plan was approved during the fourth board meeting on July 1, 2025, and subsequently ratified by the second extraordinary general meeting of shareholders on July 21, 2025 [4][5]. - The independent financial advisor has confirmed that all necessary approvals and authorizations for the stock option grant have been obtained, complying with relevant regulations [5][13]. Group 3: Performance Conditions - The exercise of stock options is contingent upon meeting specific performance targets, including revenue milestones for the "database autonomous products and services" business [9][10]. - For the first exercise period, the target revenue is set at no less than 600 million yuan by 2028, with a cumulative revenue requirement of no less than 500 million yuan from 2025 to 2028 [9][10]. - The performance assessment will be conducted annually, with individual performance evaluations determining the actual number of options that can be exercised [11][12]. Group 4: Financial Implications - The financial advisor recommends that the company accurately reflect the impact of the stock option incentive plan on its financial statements, in accordance with relevant accounting standards [12]. - Shareholders are advised to consider the potential dilution effects resulting from the implementation of the incentive plan [12].