CIG(SH:603083) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-02 14:28Core Points - The company has announced the achievement of conditions for the first exercise period of its 2024 stock option incentive plan, allowing 743 eligible participants to exercise a total of 7,569,150 stock options at an adjusted exercise price of RMB 29.1848 per share [6][12][43] Summary by Sections Incentive Plan Overview - The stock option incentive plan was approved by the company's board on August 7, 2024, and the first exercise period was set to begin after a 12-month waiting period [2][5][43] - The plan allows for the issuance of stock options to incentivize key personnel and align their interests with those of shareholders [12][43] Exercise Conditions - The first exercise period has been confirmed as meeting the necessary conditions, with the company achieving a revenue of RMB 3.652 billion and a net profit of RMB 179 million, surpassing the set performance targets [12][43] - A total of 743 participants are eligible to exercise their options, with the number of options available for exercise being 7,569,150 [12][43] Adjustments to Exercise Price - The exercise price was adjusted from RMB 29.48 to RMB 29.1848 due to the company's implementation of cash dividends [31][35][41] - The adjustment follows the formula P = P0 - V, where P0 is the original exercise price and V is the total dividend per share [31][35] Board and Committee Approvals - The adjustments and conditions for the exercise were reviewed and approved by the board and relevant committees, ensuring compliance with legal and regulatory requirements [12][43][44] - The board meeting held on October 30, 2025, confirmed that all procedures were followed correctly and that the adjustments would not adversely affect the company's financial status or the interests of shareholders [12][43][44]