TES(SZ:003019) Zheng Quan Zhi Xing·2025-07-30 16:25Core Viewpoint - The company has successfully completed the fourth exercise period of its 2021 stock option incentive plan, allowing 90 eligible participants to exercise a total of 804,618 stock options at a price of 14.59 yuan per share [1][16][20]. Summary by Sections Stock Option Grant Details - The stock option plan includes a total of 804,618 options available for exercise, with an exercise price set at 14.59 yuan per share [1][20]. - The initial grant of stock options was 4,649,300 shares to 143 individuals, which was later adjusted to 4,626,300 shares due to various factors including the departure of one participant [4][21]. Approval and Compliance - The stock option plan has undergone necessary approvals from the Shenzhen Stock Exchange and has completed the relevant registration with the China Securities Depository and Clearing Corporation [2][6]. - Independent directors and the supervisory board have expressed their agreement with the implementation of the incentive plan [2][3]. Performance Conditions - The fourth exercise period's conditions have been met, with the company confirming that no adverse audit opinions or regulatory issues have occurred that would prevent the exercise of options [16][18]. - The performance targets for the stock options are based on the company's audited net profit, with specific thresholds set for each exercise period [18][19]. Adjustments and Cancellations - Adjustments to the stock option plan have been made in response to changes in participant eligibility and performance evaluations, resulting in the cancellation of options for individuals who no longer qualify [24][25]. - The company has also adjusted the total number of options available for exercise and the exercise price in accordance with its equity distribution plans [21][14].