GenTech(SH:688596) Shang Hai Zheng Quan Bao·2025-10-09 20:28Core Points - The company announced the results of the third exercise period of its 2021 second stock option incentive plan, with a total of 3,134,800 shares available for exercise [1] - As of the end of Q3 2025, a total of 1,927,800 shares have been exercised, representing 61.50% of the total available [1] - The exercise price for the stock options has been adjusted multiple times, currently set at 21.30 yuan per share [4][3] Group 1: Stock Option Incentive Plan - The 2021 second stock option incentive plan was approved in November 2021, granting a total of 9,720,000 stock options to 10 incentive objects at an initial exercise price of 22.00 yuan per share [2] - The first grant of stock options occurred on December 3, 2021, with 9,220,000 options awarded [3] - The exercise period for the third phase is from December 17, 2024, to December 2, 2025, with shares listed for trading on T+2 after exercise [1][7] Group 2: Exercise and Registration Details - In Q3 2025, a total of 384,386 shares were exercised and registered, with the funds raised amounting to 8,187,421.80 yuan, which will be used to supplement the company's working capital [12] - The number of participants in the exercise was 8 out of 10 eligible individuals [6] - The shares obtained through the exercise are unrestricted and can be traded freely [8] Group 3: Convertible Bonds - The company issued convertible bonds named "Zhengfan Convertible Bonds" starting from March 18, 2025, with a total issuance amount of 1,041,095,000 yuan [18] - From September 24 to September 30, 2025, a total of 480 shares were converted from the bonds, representing 0.0002% of the total shares before conversion [15][20] - As of September 30, 2025, 1,041,076,000 yuan of the convertible bonds remained unconverted, accounting for 99.9982% of the total issuance [16][20]