SEP(SH:600021) Shang Hai Zheng Quan Bao·2025-10-09 18:58Core Viewpoint - Shanghai Electric Power Co., Ltd. has announced the results of the first stock option incentive plan's second exercise period, indicating a significant participation rate and the issuance of new shares to incentivized employees [2][9]. Summary by Sections Stock Option Exercise Details - The number of stock options that can be exercised in the second exercise period is 4.8444 million shares, with an actual exercise period from June 29, 2025, to May 29, 2026 [2]. - As of September 30, 2025, a total of 4.4418 million shares have been exercised and registered, accounting for 91.69% of the available options for this period [2]. Listing and Trading Arrangements - The exercised shares will be credited to the stock accounts of the incentivized employees on the first trading day after the exercise date (T+1) and will be available for trading on the second trading day (T+2) [3][13]. Decision-Making Process and Disclosure - The decision-making process for the stock option plan involved multiple board meetings and independent opinions from directors, ensuring compliance with regulations and shareholder interests [4][5][6][7][8]. Basic Information on the Stock Option Exercise - A total of 105 individuals participated in the exercise and completed the share transfer registration [11]. - The exercise price for the stock options is set at 12.295 yuan per share [12]. Impact on Share Capital and Fund Utilization - The total number of shares listed for trading after the exercise is 4.4418 million, all of which are unrestricted shares [14]. - The funds raised from this exercise amount to 54,611,931 yuan, which will be used to supplement the company's working capital [15]. Financial Impact - The stock option exercise is not expected to have a significant impact on the company's financial status or operating results [15].