VEICHI(SH:688698) Zheng Quan Zhi Xing·2025-08-25 17:04Core Viewpoint - The company has established a stock option incentive plan for 2025 to enhance corporate governance, attract and retain key talent, and align the interests of shareholders, the company, and core team members [1][2]. Group 1: Assessment Objectives and Principles - The purpose of the assessment is to strengthen the execution of the stock option incentive plan, quantify specific goals, and promote scientific, standardized, and institutionalized management of the assessment [1]. - The assessment will adhere to principles of fairness, justice, and transparency, linking assessment indicators with the company's long-term development strategy and annual operational goals [2]. Group 2: Assessment Scope and Institutions - The assessment applies to all designated incentive recipients, including technical and business backbones, excluding independent directors and major shareholders [2]. - The Compensation and Assessment Committee of the Board is responsible for organizing and implementing the stock option incentive, while the Human Resources Department will form an assessment team for specific evaluation tasks [2][3]. Group 3: Performance Assessment Indicators and Standards - The performance assessment for the incentive recipients will be based on both company-level and individual-level results, with specific performance targets set for the years 2025-2027 [3][4]. - Company-level performance targets include revenue growth rates of at least 15% and net profit growth rates, with specific values defined for each assessment year [4]. Group 4: Individual Performance Assessment - Individual performance will be categorized into five levels (A, B+, B, C, D), with corresponding coefficients determining the exercise ratio of stock options [5]. - The actual number of stock options that can be exercised will depend on both individual performance and company-level achievements [5]. Group 5: Assessment Procedures and Results Management - The Human Resources Department will manage the assessment process, maintaining records and submitting performance reports to the Compensation Committee for review [6]. - Assessment results will be communicated to the assessed individuals within five working days, with provisions for appeals if necessary [6]. Group 6: Additional Provisions - The Board of Directors is responsible for the formulation, interpretation, and revision of the assessment management measures [6]. - The measures will take effect upon approval by the shareholders' meeting and the activation of the stock option incentive plan [6].