Deye(SH:605117) Zheng Quan Zhi Xing·2025-07-22 16:16Core Viewpoint - Ningbo Deye Technology Co., Ltd. has announced the achievement of exercise conditions for the third exercise period of the stock option incentive plan and the second exercise period of the remaining reserved grants, allowing eligible participants to exercise their options starting from July 26, 2025 [1][2][5]. Summary by Sections Stock Option Incentive Plan Approval and Implementation - The stock option incentive plan was approved during the meetings of the board and supervisory committee, with independent opinions provided by the independent directors [2][3]. - The plan includes a total of 408.1 million stock options granted initially and 62.3 million reserved options, with specific conditions for exercise [3][4]. Exercise Conditions and Achievements - The third exercise period for the initially granted stock options allows for the exercise of 400.1817 million options, while the second exercise period for reserved options allows for 59.5007 million options [5][12]. - The exercise conditions for both periods have been met, including financial performance criteria and compliance with regulatory requirements [14][17]. Financial Performance Targets - The financial performance targets for the incentive plan include net profit thresholds for different categories of incentive recipients, such as a minimum of 1.4 billion yuan for Deye Electric and 13.2 billion yuan for Deye Frequency in 2024 [15][19]. - The net profit for Deye Frequency is reported to be 26.07 billion yuan, indicating that the performance targets have been achieved [18]. Legal and Supervisory Opinions - The supervisory committee and legal advisors have confirmed that the exercise conditions have been met and that the actions taken are in compliance with relevant regulations [21][22]. - The legal opinion states that all necessary approvals for the exercise and cancellation of options have been obtained, and the company will proceed with the required disclosures and registrations [22][23].