KELI(SZ:002892) Shang Hai Zheng Quan Bao·2025-09-03 22:36Core Viewpoint - The announcement details the completion of the stock option incentive plan registration for 2024 by Keli Electric Motor Group Co., Ltd, highlighting the issuance of stock options to incentivize employees and align their interests with the company's performance [1][2][4]. Summary by Sections Incentive Plan Overview - The incentive method is stock options, with the stock sourced from the company's directed issuance of A-share common stock [1][2]. - A total of 4.0125 million stock options are planned for grant, representing approximately 0.65% of the company's total share capital at the time of the announcement [2]. - The initial grant consists of 3.21 million options (0.52% of total share capital), while 802,500 options are reserved for future grants (0.13% of total share capital) [2]. Grant Details - The stock options will be granted to no more than 79 core employees, excluding independent directors, supervisors, and major shareholders [2]. - The exercise price for the stock options is set at 6.57 CNY per share [3]. Plan Validity and Conditions - The validity of the incentive plan lasts up to 60 months from the completion of the initial grant registration [4]. - The initial grant date will be determined by the board of directors within 60 days after the shareholders' meeting approval [5]. Performance Assessment - The performance assessment for the stock options is based on the company's net profit excluding non-recurring gains and losses, which must be positive for the years 2024 to 2026 [10][12]. - Individual performance assessments will determine the actual number of stock options that can be exercised by each employee [12]. Approval Process - The plan has undergone several approval steps, including meetings of the board and supervisory board, public announcements, and shareholder meetings, confirming compliance with regulatory requirements [13][14]. Impact on the Company - The implementation of this incentive plan is expected to enhance the alignment of interests between the company, shareholders, and employees, thereby attracting and retaining talent and boosting employee motivation and creativity [16].