AVCON(SZ:300074) Zheng Quan Zhi Xing·2025-08-26 16:40Summary of Key Points Core Viewpoint The announcement details the achievement of conditions for the second exercise period of the stock option incentive plan for Huaping Information Technology Co., Ltd, allowing 60 eligible participants to exercise a total of 4.202 million stock options at a price of 3.30 yuan per share, following the completion of necessary procedures. Group 1: Stock Option Plan Details - The stock option incentive plan was approved on June 27, 2023, and the second exercise period has been confirmed to meet the required conditions [2][11] - A total of 60 individuals are eligible to exercise the stock options, with 4.202 million options available for exercise [1][11] - The exercise price for the stock options is set at 3.30 yuan per share [1][15] Group 2: Performance Assessment and Conditions - The performance assessment for the stock options is based on the company's revenue growth, with specific target and trigger values set for the years 2023 and 2024 [4][5] - For the second exercise period, the company achieved a revenue growth rate of 18.82%, qualifying for an 80% exercise ratio [8][11] - The assessment includes both company-level and individual performance evaluations, with various levels determining the actual number of options that can be exercised [5][10] Group 3: Adjustments and Cancellations - Adjustments to the number of options and exercise price may occur due to corporate actions such as stock splits or capital increases [3][15] - A total of 181.30 thousand stock options have been canceled due to participants no longer meeting eligibility criteria or not fulfilling performance requirements [12][19] - The company will handle the exercise procedures for the eligible stock options and will announce further details regarding the exercise timeline [1][19] Group 4: Financial Impact and Use of Proceeds - If all eligible stock options are exercised, the company's net assets will increase by approximately 13.87 million yuan, with a capital increase of 4.202 million yuan [19] - The funds raised from the exercise of stock options will be used to supplement the company's working capital [19] Group 5: Legal and Compliance - The company has obtained necessary approvals and legal opinions confirming that the conditions for exercising the stock options have been met [21][22] - The independent financial advisor has also verified that the procedures and disclosures related to the stock option exercise and cancellations comply with relevant regulations [22]