Inovance(SZ:300124) Zheng Quan Zhi Xing·2025-08-26 04:13Core Viewpoint - The announcement details the successful achievement of the first exercise conditions for the seventh stock option incentive plan of Huichuan Technology Co., Ltd, allowing eligible participants to exercise their stock options starting from September 23, 2025 [1][4]. Summary by Sections Incentive Plan Overview - The seventh stock option incentive plan involves granting a total of up to 34.763 million shares, with the initial grant not exceeding 31.283 million shares, representing approximately 1.17% of the company's total share capital of 2,678.142 million shares [1][2]. - The exercise price for the stock options is set at 42.87 yuan per share, which has been adjusted to 42.46 yuan due to a rights distribution in 2024 [1][2]. Exercise Conditions Achievement - The first exercise period is defined as the period from 12 months after the initial grant date until the last trading day of the 24th month [2][4]. - The company achieved the necessary performance conditions, with 2024 revenue reported at approximately 37.04 billion yuan, reflecting an 18% increase from 2023 [2][3]. Eligible Participants and Adjustments - Initially, 1,225 individuals were set to receive stock options, but this number was adjusted to 1,139 due to resignations and withdrawals [1][2]. - A total of 7,442,798 stock options are eligible for exercise, with 24.68% of the granted options being exercisable [2][3]. Handling of Non-qualifying Options - Stock options that do not meet the exercise conditions will be automatically invalidated and canceled by the company [2][3]. Financial Impact - The exercise of stock options is expected to increase the total share capital by 7,442,798 shares, which may dilute the earnings per share but is not anticipated to have a significant impact on the company's financial status [3][4]. Legal Compliance - The plan has received necessary approvals and complies with relevant regulations, ensuring that the exercise conditions are met [4].