Inovance(SZ:300124) Zheng Quan Zhi Xing·2025-08-25 18:05Core Viewpoint - The announcement details the successful achievement of the exercise conditions for the second exercise period of the sixth stock option incentive plan of Huichuan Technology Co., Ltd, allowing 225 eligible participants to exercise a total of 371,727 stock options at a price of 59.90 yuan per share [1][6]. Summary by Sections Implementation Overview of the Incentive Plan - The sixth stock option incentive plan involves granting stock options to a total of 2,322.21 million shares, with 211.11 million shares reserved for future grants, representing 0.08% of the company's total share capital of 263,851.7176 million shares [1]. - The exercise price for the stock options was adjusted from 61.12 yuan to 60.76 yuan per share [1]. - The reserved grant date was set for August 9, 2023, with 139.896 million stock options granted to 242 participants after accounting for resignations and forfeitures [1]. Conditions for the Second Exercise Period - The second exercise period is defined as the period from 24 months after the reserved grant date to the last trading day within 36 months [3]. - The company met the performance assessment criteria, achieving a revenue of 37,040.95 million yuan, which is 85% of the target [3]. - The individual performance assessment resulted in 37 participants receiving a grade of "B," allowing for a 90% exercise ratio for their stock options [3]. Specific Arrangements for Stock Option Exercise - A total of 371,727 stock options are available for exercise, representing 29.53% of the total options granted to the eligible participants [4]. - The exercise period for the stock options is set from the first trading day after the completion of the procedures until August 7, 2026 [5]. - Any stock options not exercised within the specified period will automatically expire and be canceled [5]. Financial Impact of the Stock Option Exercise - If all eligible stock options are exercised, the company's total share capital will increase by 371,727 shares, which may dilute the earnings per share but is not expected to significantly impact the company's financial status [4]. - The company will use the funds raised from the exercise to supplement its working capital [5]. Legal Compliance and Approval - The stock option exercise plan has received the necessary approvals and complies with relevant laws and regulations [6].