CCG(SH:605099) Zheng Quan Zhi Xing·2025-07-29 16:18Core Viewpoint - Jiangsu Gongchuang Artificial Turf Co., Ltd. is adjusting its stock option exercise price and repurchase price for restricted stocks, along with the cancellation of certain stock options and the conditions for the first exercise period and the first lifting of restrictions [3][11]. Summary by Sections Legal Framework - The adjustments are based on the Company Law, Securities Law, and relevant regulations from the China Securities Regulatory Commission [2][3]. Approval Process - On July 8, 2024, the company held its third board meeting to approve the 2024 long-term incentive plan and related proposals, which were compliant with the regulations [4][6]. - The supervisory board also approved the incentive plan on the same day, confirming the legality of the proposed incentive objects [5][6]. Stock Option and Restricted Stock Details - On July 26, 2024, the company granted stock options totaling 3.359 million shares at an exercise price of 16.68 yuan per share and 1.446 million restricted stocks at a price of 9.81 yuan per share [8][9]. Adjustments to Prices - The exercise price for stock options was adjusted to 16.04 yuan per share after accounting for a cash dividend of 0.64 yuan per share [12]. - The repurchase price for restricted stocks was adjusted to 9.17 yuan per share, also considering the cash dividend [12]. Repurchase and Cancellation - The company will cancel 12,000 stock options due to the departure of certain incentive objects and will repurchase 835 restricted stocks and 31,527 stock options due to unmet performance conditions [13]. Conditions for Exercise and Lifting of Restrictions - The first exercise period for stock options is set from August 8, 2025, to the last trading day within 24 months from the grant date [15]. - The conditions for lifting restrictions on the first batch of restricted stocks have been met, with 113 incentive objects eligible to exercise options for 921,873 shares and 13 objects eligible to lift restrictions on 432,965 shares [23]. Conclusion - The adjustments, repurchases, and cancellations have received the necessary approvals and are in compliance with relevant regulations, with the company required to fulfill subsequent disclosure obligations [24].