STS(SH:603322) Zheng Quan Zhi Xing·2025-08-04 16:35Core Viewpoint - The report discusses the approval and implementation of the 2025 Stock Option Incentive Plan for ChaoXun Communication Co., Ltd, highlighting the necessary authorizations and conditions for granting stock options to key management personnel [4][10]. Group 1: Incentive Plan Authorization and Approval - The company has passed several resolutions regarding the 2025 Stock Option Incentive Plan, including the plan's draft and management methods, with necessary approvals from the board and supervisory committee [4][5]. - The shareholders' meeting has agreed to implement the incentive plan and authorized the board to handle related matters [5][10]. Group 2: Conditions for Granting Rights - The conditions for granting stock options include the absence of negative audit opinions on financial reports and internal controls, and no violations of profit distribution regulations within the last 36 months [6]. - The independent financial advisor confirms that as of the report date, the company and the incentive recipients have not encountered any disqualifying circumstances [6]. Group 3: Specifics of the Incentive Plan - The stock options granted under this plan have a maximum validity period of 36 months, with a waiting period of 12 to 24 months before they can be exercised [7]. - The exercise schedule includes two phases, with 50% of the options exercisable after 12 months and the remaining 50% after 24 months [8]. Group 4: Distribution of Stock Options - A total of 1,100,000 stock options will be granted, with specific allocations to key management personnel, ensuring that no individual receives more than 1% of the total share capital [10][11]. - The core management team will receive 740,000 options, accounting for 67.27% of the total options granted [10]. Group 5: Financial Impact and Conclusion - The implementation of the incentive plan will be accounted for in accordance with relevant accounting standards, with potential dilution effects noted for shareholders [11]. - The independent financial advisor concludes that the granting of stock options complies with all legal and regulatory requirements, confirming the plan's validity [11].