TONGYU(SZ:002792) Zheng Quan Zhi Xing·2025-09-04 16:20Core Viewpoint - Guangdong Tongyu Communication Co., Ltd. has completed the stock option grant registration for its 2025 stock option and restricted stock incentive plan, involving 110 incentive recipients and a total of 2.357 million stock options granted at an exercise price of 11.92 yuan per option [1][5][14]. Group 1: Approval Process - The company held its fifth board meeting on June 12, 2025, to approve the incentive plan draft and related proposals, with legal and independent financial advisors providing opinions [2]. - The supervisory board also approved the incentive plan and the list of incentive recipients on the same day [2]. - A public notice of the incentive recipients was made on June 13, 2025, with no objections received by the supervisory board by the end of the notice period [2]. Group 2: Grant Details - The stock options were granted on July 15, 2025, with a total of 2.357 million options awarded to 112 individuals [5][6]. - The stock options represent 0.45% of the company's total share capital at the time of the plan announcement [6]. - The plan includes a maximum validity period of 36 months for the stock options, with specific waiting periods before exercise [6][7]. Group 3: Exercise Conditions - The stock options can only be exercised if certain conditions are met, including the company's financial performance and the absence of disqualifying events for the incentive recipients [9][10]. - The performance assessment for the incentive plan spans two fiscal years, with specific revenue and net profit growth targets set for 2025 and 2026 [10][11]. Group 4: Adjustments and Finalization - The number of incentive recipients was adjusted from 242 to 216 due to voluntary withdrawals, with the final count being 208 [12][14]. - The total number of stock options granted was adjusted to 2.327 million, and the number of restricted stocks to 2.5 million [14]. - The completion of the stock option grant registration was officially announced on September 4, 2025 [14][15].