Core Viewpoint - Jiangsu Yuanhang Precision Alloy Technology Co., Ltd. has announced the achievement of the exercise conditions for the second exercise period of its 2023 stock option incentive plan, allowing eligible employees to exercise their stock options [1][6][18]. Group 1: Decision-Making Process and Disclosure - The company held its fourth board meeting on July 18, 2023, where several resolutions related to the stock option incentive plan were approved, including the list of incentive recipients and the management measures for the plan [1][2]. - The company conducted an internal public notice of the proposed incentive recipients from July 20 to July 29, 2023, with no objections raised during the notice period [3][4]. - On August 3, 2023, the company convened a temporary shareholders' meeting to approve various resolutions related to the stock option incentive plan [3][4]. Group 2: Achievement of Exercise Conditions - The second exercise period for the stock options has been reached, with the waiting period ending on August 4, 2025, following the initial grant date of August 3, 2023 [6][11]. - The exercise conditions for the second period have been met, as the company did not experience any disqualifying events, such as negative audit opinions or improper profit distributions [7][8][9]. Group 3: Specifics of the Stock Option Exercise - The exercise price for the stock options has been adjusted from 5.15 yuan to 4.95 yuan per share due to the company's annual equity distribution in 2023 and 2024 [11][15]. - The exercise period for the stock options is set from August 5, 2025, to August 5, 2026, with specific conditions under which the options can be exercised [16]. - The funds raised from the exercise of stock options will be used to supplement the company's working capital [16]. Group 4: Compliance and Legal Opinions - The remuneration and assessment committee confirmed that the company meets the necessary legal and regulatory requirements for implementing the stock option incentive plan [18]. - Legal opinions from the law firm indicate that the adjustments to the exercise price and the achievement of exercise conditions comply with relevant regulations [18][19].
远航精密: 关于2023年股票期权激励计划首次授予部分第二个行权期行权条件成就的公告