SMS(SZ:002857) Shang Hai Zheng Quan Bao·2025-09-24 21:23Core Viewpoint - Zhengzhou Sanhui Electric Co., Ltd. has completed the registration of the reserved stock options under the 2024 stock option incentive plan, which aims to motivate core employees and enhance operational efficiency [1][18]. Group 1: Decision Procedures and Disclosure - The company held the sixth board meeting on December 9, 2024, to approve the stock option incentive plan and related proposals [2]. - The sixth supervisory board meeting on the same day also approved the plan and the list of reserved incentive objects [2]. - The company publicly announced the names and positions of the reserved incentive objects from December 10 to December 19, 2024, with no objections received [2]. Group 2: Stock Option Details - The stock option is named "Sanhui JLC2" with the code "037925" [4]. - The reserved authorization date is set for July 24, 2025, and the registration completion date is September 24, 2025 [4]. - A total of 540,025 stock options are reserved for 7 individuals [4]. Group 3: Granting and Pricing - The initial grant of stock options was completed on January 21, 2025, with 2,160,100 shares granted to 11 individuals [5]. - The exercise price for the stock options is set at 10.83 yuan per share [6]. Group 4: Exercise Conditions - The incentive plan has a maximum validity period of 36 months from the authorization date [6]. - The waiting period for the stock options is at least 12 months from the authorization registration date [7]. - Specific performance targets must be met for the stock options to be exercised, including company-level and individual-level assessments [12][13]. Group 5: Financial Impact - The fair value of the reserved stock options was calculated using the Black-Scholes model, with the underlying stock price at 26.90 yuan per share as of July 24, 2025 [16]. - The estimated cost of the stock options will impact the company's net profit during the effective period, although the plan is expected to have a positive effect on operational performance [17].