JSSMDL(SH:603530) Zheng Quan Zhi Xing·2025-07-29 16:34Core Viewpoint - Jiangsu Shenneng Electric Power Co., Ltd. has established a management method for the implementation assessment of its 2025 stock option incentive plan to ensure its successful execution [1][2]. Group 1: Assessment Objectives and Principles - The purpose of the assessment is to improve the corporate governance structure and establish an incentive and restraint mechanism to ensure the achievement of the company's development strategy and operational goals [2]. - The assessment must adhere to the principles of fairness, openness, and justice, closely linking the stock option incentive plan with the performance and contributions of the incentivized individuals to enhance overall company performance and maximize shareholder interests [2]. Group 2: Assessment Scope and Institutions - The assessment method applies to all participants in the stock option incentive plan, including directors, senior management, core technical personnel, and other key personnel deemed necessary by the board, excluding independent directors and major shareholders [2]. - The assessment will be led by the company's Board of Directors' Compensation and Assessment Committee, with the Human Resources Department responsible for implementation and the Finance Department providing relevant data [2][3]. Group 3: Assessment Indicators and Standards - Stock options can only be exercised if certain conditions are met, including the absence of negative audit opinions on financial reports and compliance with legal regulations [3]. - If any of the specified conditions occur, the stock options granted but not exercised will be canceled [3]. Group 4: Performance Targets - The performance assessment targets for the stock option incentive plan are set as follows: - For the first exercise period, the net profit for 2025 must not be less than RMB 410 million - For the second exercise period, the cumulative net profit for 2025 and 2026 must not be less than RMB 964 million - For the third exercise period, the cumulative net profit must reach RMB 1.711 billion [5][6]. Group 5: Assessment Period and Frequency - The assessment periods for the stock option incentive plan are defined as 2025, 2025-2026, and 2025-2027, with assessments conducted once in each period [8]. Group 6: Assessment Procedures and Results Management - The Human Resources Department will conduct the assessment under the guidance of the Compensation and Assessment Committee, maintaining records and submitting a performance assessment report [8]. - Participants have the right to understand their assessment results and can appeal if there are disputes, with the results being archived for three years [8][9].