Core Viewpoint - The company has announced the achievement of the exercise conditions for the first exercise period of its 2024 stock option incentive plan, allowing 39 eligible participants to exercise a total of 2.71488 million stock options at a price of 21.20 yuan per share [1][2][11]. Summary by Relevant Sections Incentive Plan Overview - The stock option incentive plan allows for a total of 2.71488 million stock options to be exercised by 39 eligible participants [1][2]. - The exercise price for the stock options is set at 21.20 yuan per share, adjusted from a previous price of 29.68 yuan due to the company's annual equity distribution [8][9]. - The total number of stock options granted under the plan remains at 3.8784 million, despite a reduction in the number of eligible participants from 47 to 39 due to voluntary forfeitures [8][10]. Exercise Conditions - The first exercise period is defined as starting from the first trading day after 12 months from the completion of the grant registration and ending on the last trading day within 24 months from the same date [6][11]. - To exercise the options, the company must meet specific performance criteria, including a minimum revenue growth rate of 10% for 2024 compared to 2023, or a net profit of at least 10 million yuan [4][7]. Performance Assessment - The company achieved a revenue of approximately 459.26 million yuan for 2024, which meets the required growth rate, thus allowing the eligible participants to exercise their options [7][11]. - The individual performance assessment results indicate that 3 participants received an "Excellent" rating, while 36 received a "Good" rating, allowing them to fully exercise their options [4][7]. Financial Impact - If all 2.71488 million stock options are exercised, the company's net assets will increase by approximately 57.56 million yuan, with an increase in share capital of 2.71 million yuan [10][11]. - The funds raised from the exercise of these options will be used to supplement the company's working capital [10]. Compliance and Approval - The company's board and supervisory committee have confirmed that all necessary approvals and disclosures have been made regarding the stock option adjustments and exercise conditions [12][13]. - Legal and independent financial advisors have also verified that the adjustments and conditions for the first exercise period comply with relevant regulations [12][13].
山水比德: 关于2024年股票期权激励计划第一个行权期行权条件成就的公告