Core Viewpoint - Shenzhen Demingli Technology Co., Ltd. is implementing a stock option incentive plan for 2025 to enhance corporate governance, attract and retain talent, and align the interests of shareholders and employees [7][8][34]. Group 1: Company Background - Shenzhen Demingli Technology Co., Ltd. was approved for its initial public offering by the China Securities Regulatory Commission on May 30, 2022, and its shares were listed on the Shenzhen Stock Exchange on July 1, 2022 [5][7]. - The company holds a valid business license issued by the Shenzhen Market Supervision Administration [5]. Group 2: Incentive Plan Overview - The 2025 stock option incentive plan aims to improve the company's governance structure and motivate employees to enhance the company's core competitiveness [7][8]. - The plan includes a total of 4,828,750 stock options, representing 2.13% of the company's total share capital as of the announcement date [14][15]. Group 3: Eligibility and Distribution - The incentive plan targets 294 individuals, including directors, senior management, middle management, and key technical and business personnel [9][13]. - The plan excludes independent directors and shareholders holding more than 5% of the company's shares [9][10]. Group 4: Stock Options Details - The stock options will be granted at a price of 80.99 yuan per share, which is based on the average trading price of the company's shares prior to the announcement [26][27]. - The options will have a maximum validity period of 60 months from the date of the first grant [17][26]. Group 5: Performance Conditions - The exercise of stock options is contingent upon meeting specific performance targets related to total revenue over three accounting years [29][30]. - The performance assessment will determine the percentage of options that can be exercised based on the company's revenue achievements [29][30]. Group 6: Legal Compliance and Procedures - The company has fulfilled necessary legal procedures for the implementation of the incentive plan, including board resolutions and compliance with relevant regulations [31][32]. - The plan will require further approval from the shareholders' meeting before implementation [34].
德明利: 广东信达律师事务所关于深圳市德明利技术股份有限公司2025年股票期权激励计划（草案）的法律意见书