CFMOTO(SH:603129) Zheng Quan Zhi Xing·2025-08-29 18:14Core Viewpoint - The report serves as an independent financial advisory document for Zhejiang Chunfeng Power Co., Ltd.'s 2024 stock option incentive plan, ensuring compliance with relevant laws and regulations [1][2][3] Group 1: Independent Financial Advisor's Role - The independent financial advisor, Shanghai Miaodao Enterprise Management Consulting Co., Ltd., was commissioned to provide an independent financial advisory report for the stock option incentive plan [1] - The advisor conducted due diligence and confirmed that their professional opinions align with the company's disclosed documents [2] - The advisor assumes that there will be no significant changes in laws, regulations, or the market environment affecting the company [5] Group 2: Approval Process for the Incentive Plan - On August 6, 2024, the company’s board and supervisory committee approved the draft of the stock option incentive plan [6] - The names and positions of the initial grant recipients were publicly disclosed from August 7 to August 19, 2024, with no objections received [6] - The first extraordinary general meeting of shareholders on September 2, 2024, approved the incentive plan and related matters [7] Group 3: Stock Option Grant Details - The stock option grant date for the reserved portion is set for August 29, 2025, with a total of 248,100 options reserved for 306 recipients [8] - The exercise price for the stock options was adjusted from 106.00 RMB/share to 102.15 RMB/share [13] - The plan stipulates that the options must be exercised within a maximum of 48 months from the grant date [8] Group 4: Performance Assessment Criteria - The performance targets for the first exercise period require cumulative revenue of no less than 30.5 billion RMB for 2024 and 2025 [11] - The second exercise period requires cumulative revenue of no less than 50.5 billion RMB for 2024 to 2026 [11] - Individual performance assessments will determine the eligibility of recipients to exercise their options based on their performance ratings [11]