GUOGUANG CHAINS(SH:605188) Zheng Quan Zhi Xing·2025-08-26 14:12Core Viewpoint - The company has announced that the conditions for the first exercise period of the 2024 stock option incentive plan have been met, allowing for the exercise of 1,007,000 stock options [1][9][11]. Group 1: Stock Option Plan Details - The stock options to be exercised amount to 1,007,000 shares, which will be sourced from the issuance of A-shares to the incentive recipients [1]. - The first exercise period for the stock options is set to last from 12 months after the grant date until the last trading day of the 24-month period, with a 50% exercise ratio [6][9]. - The performance assessment for the incentive plan covers the fiscal years 2024 and 2025, with specific revenue and profit growth targets set for each year [8][10]. Group 2: Performance Conditions - For the first exercise period, the company must achieve either a net profit growth of at least 11.43% or a revenue growth of no less than 7.00% compared to the previous year [8]. - The second exercise period will require a net profit growth of at least 15.00% or a similar revenue growth target [8]. Group 3: Approval and Compliance - The board of directors and the supervisory board have approved the necessary resolutions regarding the stock option plan and its implementation [2][4][10]. - The company has confirmed that all incentive recipients meet the eligibility criteria as per the relevant regulations and internal guidelines [10][11]. Group 4: Legal and Financial Advisory - Legal opinions confirm that the adjustments and actions taken regarding the stock option plan comply with applicable laws and regulations [12]. - The independent financial advisor has also verified that the conditions for the first exercise period have been met and that the necessary approvals have been obtained [12].