LIUGONG(SZ:000528) Zheng Quan Zhi Xing·2025-07-24 16:33Core Viewpoint - The company has announced the implementation of its 2023 stock option incentive plan, allowing 915 eligible participants to exercise a total of 19.820252 million stock options at a price of 6.63 yuan per share, which represents 0.98% of the company's total share capital [1][11]. Summary by Sections Incentive Plan Details - The stock options granted are referred to as "Liu Gong JLC1" with the option code 037367 [1]. - The total number of stock options available for exercise is 19.820252 million, which is 0.98% of the current total share capital [1]. - The exercise price for the options is set at 6.63 yuan per share [1]. Approval Process - The company held meetings on July 14, 2025, where the board and supervisory committee approved the conditions for the first exercise period of the stock option incentive plan [1][2]. - The plan has undergone necessary approval procedures, including independent opinions from the independent directors and verification by the supervisory committee [2][3]. Exercise Period and Conditions - The exercise period for the stock options will officially open on July 28, 2025, following the completion of necessary procedures by the China Securities Depository and Clearing Corporation [2]. - The first exercise period's waiting period has been completed, allowing eligible participants to exercise their options [8][11]. Compliance and Management - The exercise of options must comply with relevant laws and regulations, including restrictions on trading during sensitive periods [14]. - The funds raised from the exercise will be stored in a designated account to supplement the company's working capital [15]. Impact on Company Structure - If all options are exercised, the company's total share capital will increase by 19,820,252 shares, maintaining the current ownership structure without significant changes to the controlling shareholders [15]. - The impact on the company's earnings per share and return on equity is expected to be minimal [15]. Future Disclosures - The company will regularly disclose changes in the stock option incentive plan, including the status of participants and any adjustments to key parameters [16].