NNCC(SH:600435) Shang Hai Zheng Quan Bao·2025-10-09 18:44Core Viewpoint - The announcement details the results of the third exercise period of the 2020 stock option incentive plan of Beifang Navigation Control Technology Co., Ltd., highlighting the number of options exercised and the implications for the company's stock structure and financial situation [2][9]. Summary by Sections Stock Option Exercise Details - The number of stock options available for exercise in the third period is 6,612,255 shares, with an actual exercise period from January 16, 2025, to December 29, 2025. The exercise method is self-exercise. As of September 30, 2025, a total of 5,296,271 shares have been exercised, accounting for 80.10% of the total options available for this period [2][6]. Decision-Making Process and Disclosure - The board of directors approved the stock option incentive plan on November 15, 2020, and the plan received approval from the State-owned Assets Supervision and Administration Commission on December 29, 2020 [3][4]. Stock Listing and Trading Arrangements - Shares obtained through the exercise of options will be tradable on the second trading day after the exercise date (T+2). A total of 925,955 shares were listed for trading in the third quarter of 2025 [6][7]. Changes in Shareholding Structure - The exercise of options did not result in any changes to the shareholding of major shareholders, specifically Beifang Navigation Technology Group Co., Ltd. and China Weapon Investment Management Co., Ltd., which remain under the control of China North Industries Group Corporation [8]. Fundraising and Financial Impact - The total funds raised from the exercise of options in the third period amount to 44,761,117.84 yuan, which will be used to supplement the company's working capital. The exercise does not have a significant impact on the company's financial status or operating results [8][9].