KINGLAND TECHNOLOGY(SZ:000711) Zheng Quan Zhi Xing·2025-08-25 16:43Core Points - The company has announced the first exercise period of its 2024 stock option incentive plan, allowing 49 eligible participants to exercise a total of 109.475 million stock options at a price of 1.83 yuan per share [1][10][11] - The conditions for the first exercise period have been met, as confirmed by the board of directors and the supervisory board [1][10] - The stock options granted are subject to performance assessments based on the company's revenue and net profit for the years 2024 and 2025 [5][10] Summary by Sections Incentive Plan Overview - The stock option code is JLC1, with a total of 109.475 million options available for exercise [1] - The company has completed the necessary registration with the Shenzhen branch of China Securities Depository and Clearing Co., Ltd. [1] Conditions for Exercise - The company has not encountered any negative audit opinions or internal control issues in the last fiscal year [3][4] - The eligible participants have not been disqualified by regulatory authorities in the past 12 months [4] Performance Assessment - The performance assessment for the stock options will be conducted annually based on the completion of revenue and net profit targets [5] - The targets for the first assessment period in 2024 will determine the exercise ratio for the options [5] Exercise Arrangement - The total number of options available for exercise is 109.475 million, with no options exercised yet [7] - The company will manage the funds for tax withholding on behalf of the participants [11] Financial Impact - If all options are exercised, the company's total share capital will increase from 2,856.976 million shares to 2,966.451 million shares, potentially diluting earnings per share and return on equity [11][12] - The company has used the Black-Scholes model to determine the fair value of the stock options at the grant date [12]