
Core Viewpoint - The company has announced adjustments to the exercise prices of stock option incentive plans for the years 2019, 2021, 2022, and 2025, following the approval of the board of directors and relevant legal opinions [1][10][11]. Summary by Relevant Sections 2019 Stock Option Incentive Plan - The board approved adjustments to the exercise price and quantity of stock options due to the implementation of the 2018 annual equity distribution plan, resulting in the exercise price being adjusted from 23.36 CNY/share to 17.93 CNY/share and the number of options from 12,519,000 to 16,274,700 [1][3]. - The number of initial grant recipients was adjusted from 348 to 340, and the total number of options granted was increased from 65,098,800 to 84,626,558 [1][3]. - The exercise price for the first exercise period was set at 13.70 CNY/share for 339 recipients, with an expected exercise quantity of 16,456,708 options [1][3]. 2021 Stock Option Incentive Plan - The board approved the first grant of stock options to 1,097 recipients, totaling 52,419,000 options, with the exercise price set at 35.76 CNY/share [12][14]. - Adjustments were made to the exercise price due to the implementation of the 2022 annual equity distribution plan, reducing it from 35.76 CNY/share to 35.63 CNY/share [15][19]. - The number of recipients for the first exercise period was adjusted from 974 to 899, with an expected exercise quantity of 8,824,780 options at an exercise price of 35.63 CNY/share [18][21]. 2022 Stock Option Incentive Plan - The board approved adjustments to the exercise price and quantity of stock options, with the exercise price set at 13.35 CNY/share for the fourth exercise period, and the expected exercise quantity being 15,577,149 options [7][8]. - The number of recipients for the fourth exercise period was adjusted from 310 to 298, with the total options granted being 15,238,124 [8][10]. 2025 Stock Option Incentive Plan - The exercise price for the stock options was adjusted from 13.05 CNY/share to 12.85 CNY/share following the annual equity distribution plan [10][11].