Yongguan New Material(SH:603681) Zheng Quan Zhi Xing·2025-09-04 16:20Core Viewpoint - The company, Shanghai Yongguan Zhongcheng New Materials Technology (Group) Co., Ltd., has established a stock option incentive plan for 2025, aiming to enhance corporate governance, attract and retain talent, and align the interests of shareholders and the core team with the company's long-term development goals [2][10][30]. Group 1: Incentive Plan Overview - The incentive plan involves granting 5.8 million stock options, representing approximately 3.03% of the company's total share capital as of August 18, 2025 [2][16]. - The plan includes an initial grant of 5.12 million options (88.28% of the total) and a reserved portion of 680,000 options (11.72%) [2][16]. - The exercise price for the stock options is set at 16.10 yuan per share [4][23]. Group 2: Performance Targets - The performance targets for the first exercise period require either a revenue growth rate of no less than 10% or a net profit of at least 100 million yuan for 2025 [5][28]. - For the second exercise period, the targets are a revenue growth rate of no less than 20% or a net profit of at least 200 million yuan for 2026 [5][28]. - The third exercise period requires a revenue growth rate of no less than 30% or a net profit of at least 250 million yuan for 2027 [5][28]. Group 3: Governance and Management - The company's shareholders' meeting is the highest authority responsible for approving the implementation, modification, and termination of the incentive plan [10][11]. - The board of directors is tasked with executing the plan, while the compensation committee is responsible for drafting and revising the plan [10][11]. - The supervisory board will oversee the plan's implementation to ensure it benefits the company's sustainable development and does not harm the interests of shareholders [10][11]. Group 4: Eligibility and Restrictions - The plan's eligible participants include 112 individuals, such as directors, senior management, and key technical personnel, excluding independent directors and major shareholders [3][12]. - Participants must not have been deemed inappropriate by regulatory authorities within the last 12 months [12][13]. - The plan prohibits the company from providing loans or guarantees to participants for acquiring rights under the plan [7]. Group 5: Adjustment and Compliance - The stock options will be adjusted in case of capital increases, stock dividends, or other corporate actions [10][26]. - The plan ensures compliance with relevant laws and regulations, including the Company Law and Securities Law [10][26]. - The performance assessment system is designed to be comprehensive and scientifically sound, ensuring that the targets set are challenging yet achievable [30][31].