CCG(SH:605099) Zheng Quan Zhi Xing·2025-08-24 16:13Core Viewpoint - The company has announced the implementation of the first exercise period for its 2024 stock option and restricted stock incentive plan, allowing for the exercise of 921,873 stock options starting from August 29, 2025 [1][2][12]. Summary by Relevant Sections Incentive Plan Approval and Implementation - The 2024 stock option and restricted stock incentive plan has undergone the necessary review procedures and was approved in meetings held on July 29, 2025 [2][3]. - The plan includes a public notice period from July 9 to July 18, 2024, during which the list of incentive recipients was verified by the supervisory board [2]. Stock Option Grant Details - The initial grant of stock options occurred on July 26, 2024, with a total of 3.359 million stock options granted, and the exercise price set at 16.68 yuan per share [8][9]. - The registration of the first grant of 1.446 million restricted stocks was completed on August 13, 2024 [4]. Exercise Conditions and Performance Metrics - The first exercise period for the stock options is defined as the period from the first trading day after 12 months from the grant date until the last trading day within 24 months from the grant date [10]. - The company has set performance targets for the fiscal years 2024 to 2026, with specific revenue and net profit growth rates required for the exercise of options [11]. Exercise and Cancellation of Options - The company will allow 113 eligible incentive recipients to exercise a total of 921,873 stock options, which represents 27.44% of the total options granted [12][13]. - A total of 169,000 stock options have been canceled due to non-fulfillment of exercise conditions [7]. Legal and Financial Compliance - The supervisory board has confirmed that the exercise and release of restrictions on the stock comply with relevant regulations and that the qualifications of the incentive recipients are valid [15]. - The company has accounted for the stock option expenses in accordance with accounting standards, ensuring that the exercise will not significantly impact its financial status [15].