WINGTECH(SH:600745) Zheng Quan Zhi Xing·2025-09-04 16:20Core Points - The company announced the cancellation of 4,453,753 stock options from the 2023 stock option incentive plan and the exercise of 232,753 stock options in the second exercise period [1][11] - The stock options were granted on August 25, 2023, with an exercise price adjusted to 38.465 CNY per share due to a profit distribution [3][6][12] - The second exercise period for the stock options is defined as the period from 24 months after the grant date to 36 months after the grant date, with 50% of the granted options eligible for exercise [7][10] Incentive Plan Approval and Implementation - The stock option incentive plan was approved by the board on August 6, 2023, and subsequently by the supervisory board [1][2] - The list of incentive recipients was publicly announced from August 7 to August 16, 2023, with no objections received [2] Stock Option Grant Details - The first grant date was August 25, 2023, with a total of 11,032,278 options granted to 1,819 individuals [3] - The reserved grant date is set for October 25, 2023, with 1,106,582 options reserved for 438 individuals [3] Exercise Conditions and Performance Metrics - The exercise conditions for the second period require the company to meet specific performance metrics, including a revenue growth rate of 15% for the second exercise period [10] - The individual performance assessment for the incentive recipients is categorized into three levels: A, B, and C, affecting the number of options that can be exercised [10] Cancellation of Stock Options - The cancellation of stock options is due to various reasons, including personal reasons for leaving the company and failure to meet exercise conditions [11][13] - A total of 1,486 recipients will have their unexercised options canceled, amounting to 4,453,753 options [11][13] Financial Impact - The company states that the stock option exercise and cancellation will not have a significant impact on its financial status and operating results [13]