Hundsun(SH:600570) Sou Hu Cai Jing·2025-09-21 01:59Core Viewpoint - The company, Hengsheng Electronics, has made adjustments to its stock option incentive plan and announced the cancellation of unexercised options from previous years, which reflects its ongoing efforts to align employee incentives with company performance and shareholder interests [2][3][4]. Group 1: Stock Performance - As of September 19, 2025, Hengsheng Electronics' stock closed at 33.5 yuan, down 4.29% from the previous week [1]. - The stock reached a high of 35.47 yuan and a low of 33.48 yuan during the week [1]. - The company's current total market capitalization is 63.374 billion yuan, ranking 8th out of 133 in the software development sector and 259th out of 5,153 in the A-share market [1]. Group 2: Stock Option Incentive Plan - On September 18, 2025, the company held its ninth board and supervisory committee meetings, where it approved adjustments to the 2025 stock option incentive plan [2]. - The number of incentive recipients was reduced from 624 to 621, and the total number of stock options granted was adjusted from 15.159 million to 15.125 million [2][4]. - The grant date for the stock options is September 18, 2025, with an exercise price set at 37.98 yuan per option, representing 0.80% of the company's total share capital [2][4]. Group 3: Cancellation of Unexercised Options - The company plans to cancel a total of 927,250 unexercised options from the 2022 plan and 5,412,638 unexercised options from the 2023 plan due to the expiration of the exercise periods [3][4]. - This cancellation is in accordance with relevant regulations and is not expected to have a material impact on the company's financial condition or operating results [3]. Group 4: Employee Stock Ownership Plan - The company intends to repurchase unvested shares from the 2022 and 2023 employee stock ownership plans, specifically 90,415 shares at a repurchase price of 16.54 yuan per share and 392,550 shares at 19.72 yuan per share, respectively [3][4]. - The funds for the repurchase will come from the company's own resources, and the repurchased shares will be used for cancellation or to continue the employee stock ownership plan [3].