Hundsun(SH:600570) Shang Hai Zheng Quan Bao·2025-09-18 19:33Core Viewpoint - The announcement details the approval and implementation of the 2025 Stock Option Incentive Plan by the company, including the number of options granted, the conditions for granting, and the adjustments made to the plan due to changes in the list of eligible participants [2][31]. Summary by Sections Incentive Plan Overview - The 2025 Stock Option Incentive Plan was approved during the company's board meetings held on September 18, 2025, with a total of 15.125 million stock options granted to 621 participants [2][6][31]. - The exercise price for the stock options is set at 37.98 yuan per share [3][16]. Approval Process - The plan underwent several approval steps, including meetings on August 21, September 3, and September 9, 2025, where various related proposals were discussed and approved [9][10][11][32]. - The company conducted a public notice period from August 23 to September 1, 2025, during which no objections were raised regarding the list of incentive participants [10][32]. Adjustments to the Plan - The number of participants was adjusted from 624 to 621, and the total number of stock options granted was reduced from 15.159 million to 15.125 million due to some participants opting out [31][34]. - The adjustments were within the authorized scope and did not require further shareholder approval [34]. Granting Conditions - The granting of stock options is contingent upon the company meeting specific performance criteria over the fiscal years 2025 to 2027, with annual assessments of net profit [7][12]. - Individual performance assessments will also determine the actual number of options that can be exercised by each participant [8][12]. Financial Impact - The funds raised through this incentive plan will be used to supplement the company's working capital [21]. - The company anticipates that the incentive plan will positively influence its financial performance, outweighing the costs associated with the stock options [24][47]. Legal and Advisory Opinions - Legal opinions confirm that the adjustments and the granting of stock options comply with relevant laws and regulations [27][36]. - An independent financial advisor has also validated that the conditions for granting the stock options have been met [38].