Zheng Quan Zhi Xing·2025-08-15 04:09Core Viewpoint - The report discusses the adjustments to the stock option exercise price and the conditions for the first exercise period and the first release of restrictions for Shenzhen Zhaowei Electromechanical Co., Ltd's stock option and restricted stock incentive plan for 2024 [1][3][8]. Summary by Sections Definitions - Key terms such as "stock options," "restricted stock," "exercise price," and "waiting period" are defined to clarify the context of the incentive plan [1][2]. Approval Process - The company held board and supervisory meetings on August 7, 2024, to approve the incentive plan, followed by a public announcement of the plan from August 8 to August 17, 2024, with no objections received [4][5]. Adjustment of Stock Option Exercise Price - The exercise price of stock options was adjusted from 42.70 RMB to approximately 42.42 RMB due to a cash dividend distribution of 2.85 RMB per 10 shares, totaling 68.46 million RMB [7][8]. Conditions for Exercise and Release of Restrictions - The first exercise period for stock options is defined as the period from 12 months after the grant date until 24 months after the grant date, with 50% of the granted options eligible for exercise [12][14]. - The first release of restrictions on restricted stocks follows similar timing, with 50% of the granted stocks eligible for release [13][14]. Performance Assessment - The company achieved a revenue of 1.525 billion RMB in 2024, surpassing the target of 1.35 billion RMB, thus meeting the performance conditions for both the exercise of stock options and the release of restrictions on restricted stocks [12][14]. Independent Financial Advisor Opinion - The independent financial advisor confirmed that the adjustments and conditions for the incentive plan comply with relevant laws and regulations, and will not materially affect the company's financial status or operational results [18][20].