CFMOTO(SH:603129) Zheng Quan Zhi Xing·2025-08-29 18:13Core Viewpoint - The announcement details the stock option incentive plan for 2024 by Zhejiang Chunfeng Power Co., Ltd, including the allocation of stock options to 306 eligible individuals at an exercise price of 102.15 yuan per share, with a total of 248,100 stock options reserved for this purpose [1][3][12]. Group 1: Stock Option Plan Details - The stock option reserve authorization date is set for August 29, 2025 [1]. - The exercise price for the reserved stock options is adjusted from 106.00 yuan to 102.15 yuan per share [3][12]. - A total of 327,000 stock options were granted to 1,291 individuals in the initial grant [3]. Group 2: Approval Process - The stock option incentive plan has undergone necessary decision-making procedures, including approval from the board and the remuneration and assessment committee [1][5]. - Legal opinions and independent financial advisory reports were provided to ensure compliance with regulations [5][16]. Group 3: Eligibility and Conditions - The plan specifies that stock options can only be granted if certain conditions are met, including the absence of negative audit opinions and compliance with legal regulations [5][8]. - The eligibility criteria for the incentive recipients include core management and technical personnel, excluding independent directors and major shareholders [12][13]. Group 4: Performance Targets - The performance targets for the stock options include cumulative revenue of at least 30.5 billion yuan for 2024 and 2025, and 50.5 billion yuan for 2024 to 2026 [9]. - Individual performance assessments will determine the ability of recipients to exercise their options based on their performance evaluations [9][10]. Group 5: Financial Impact - The total estimated expense for the stock options granted is approximately 41.53 million yuan, which will be amortized over the relevant periods [14][15]. - The financial impact will be recorded in accordance with accounting standards, reflecting the number of options that become exercisable [13][15].