GoerTek(SZ:002241) Zheng Quan Zhi Xing·2025-09-02 11:25Core Viewpoint - The announcement details the implementation of the stock option incentive plan for 2023, specifically the second exercise period, which allows eligible participants to exercise a total of 55,053,109 stock options at a price of 17.97 yuan per share, representing 1.57% of the company's total share capital [1][9][10]. Summary by Sections Stock Option Plan Details - The second exercise period for the stock options is set from August 28, 2025, to August 27, 2026, with actual exercise dates from September 3, 2025, to August 27, 2026 [1][9]. - A total of 4,735 participants are eligible to exercise the stock options during this period [1][6]. Approval Process - The stock option incentive plan underwent several approval processes, including reviews by the board of directors and the supervisory board, with independent legal opinions provided [1][3][4]. - Adjustments were made to the number of participants and the total stock options granted, reducing the initial number from 5,704 to 5,551 participants and from 210 million to 208.9909 million stock options [1][4][8]. Performance Conditions - The performance conditions for the stock options include achieving specific financial metrics, such as revenue targets of at least 106.382 billion yuan for 2024 and 129.848 billion yuan for 2025, with a required growth rate of 100% and 140% respectively [6][7]. - The evaluation of individual performance will determine the percentage of options that can be exercised, with different tiers based on performance ratings [6][7]. Financial Impact - If all options are exercised, the company's net assets will increase by approximately 989.3044 million yuan, with a total share capital increase of 55,053,109 shares [9][10]. - The exercise of stock options is not expected to have a significant impact on the company's financial results for the year [9]. Management of Funds - Funds raised from the exercise of stock options will be used to supplement the company's working capital, and participants are responsible for paying personal income tax on their gains [10][11]. Future Reporting - The company will disclose changes in the stock option incentive plan, adjustments to key parameters, and the status of participant exercises in regular and interim reports [12].