KELI(SZ:002892) Zheng Quan Zhi Xing·2025-09-03 10:16Summary of Key Points Core Viewpoint - The announcement details the completion of the stock option incentive plan for 2024 by Keli Electric Motor Group Co., Ltd, which aims to attract and retain talent while aligning employee interests with those of shareholders [1][12]. Group 1: Incentive Plan Overview - The incentive plan involves a total of 4.01 million stock options, representing 0.65% of the company's total share capital, with 3.21 million options for initial grants (80% of total) and 802,500 options reserved for future grants (20%) [1][2]. - The plan's effective period lasts up to 60 months from the completion of the initial grant registration [2]. Group 2: Grant and Vesting Details - The initial grant date will be determined by the board within 60 days after shareholder approval, and the reserved options must be granted within 12 months post-approval [2][3]. - The waiting periods for the initial grants are set at 12, 24, and 36 months, while the reserved grants have similar waiting periods [2][3]. Group 3: Exercise Conditions - The exercise of stock options is contingent upon meeting specific performance targets, including a positive net profit for the corresponding assessment years [5][6]. - The performance targets for the first exercise period require a minimum revenue of 1.425 billion yuan for 2024, with cumulative targets for subsequent years [6][7]. Group 4: Approval Process - The plan has undergone necessary approvals, including reviews by the board and supervisory committee, with no objections raised during the public notice period [7][9]. - The stock options were officially registered on September 3, 2025, with a grant date of August 25, 2025, and an exercise price set at 5.43 yuan per share [10][11]. Group 5: Impact on Company - The implementation of this incentive plan is expected to enhance the company's ability to attract and retain talent, thereby strengthening its competitive advantage in the market [12].