Core Viewpoint - The report outlines the adjustments to the stock option incentive plan of Guangzhou Shanshui Bide Design Co., Ltd., detailing the necessary procedures, adjustments in stock option quantities and exercise prices, and the conditions for the first exercise period [2][4][5]. Group 1: Incentive Plan Overview - The independent financial advisor, Shenzhen Tashan Enterprise Management Consulting Co., Ltd., has been commissioned to provide a report on the stock option incentive plan for 2024 [2]. - The plan includes provisions for stock options granted to incentive participants, with specific conditions for exercising these options [2][3]. Group 2: Adjustment Details - The stock option quantity and exercise price will be adjusted in response to corporate actions such as capital reserve transfers, stock dividends, and stock splits [4]. - Following the implementation of the 2024 annual equity distribution plan, the total stock options granted will be adjusted to 5.42976 million, with an exercise price set at 21.20 yuan per share [5]. Group 3: Conditions for Exercise - The first exercise period for the stock options is contingent upon the company meeting specific performance criteria, including a minimum revenue growth of 10% compared to the previous year [6]. - The company reported a revenue of 459.26 million yuan in 2023, with a target for 2024 to achieve a revenue growth of 37.84% and a net profit of at least 10 million yuan [6][7]. Group 4: Performance Assessment - A total of 39 incentive participants are eligible for the first exercise period, with the performance assessment indicating that 3 individuals received an "excellent" rating and 36 received a "good" rating, allowing for full exercise of their options [8]. - The actual number of stock options available for exercise is calculated based on the performance results of the participants [8]. Group 5: Conclusion and Compliance - The independent financial advisor concludes that the adjustments to the stock options and the conditions for the first exercise period have complied with relevant regulations and necessary procedures [9]. - The company must apply to the Shenzhen Stock Exchange and the China Securities Depository and Clearing Corporation for the adjustment and exercise procedures [9].
山水比德: 深圳市他山企业管理咨询有限公司关于广州山水比德设计股份有限公司2024年股票期权激励计划调整事项及第一个行权期行权条件成就事项的独立财务顾问报告