LHG(SH:600186) Shang Hai Zheng Quan Bao·2025-11-04 20:04Core Viewpoint - The announcement details the results of the first exercise period for the stock options and restricted stock incentive plan of Lianhua Holdings, with a total of 495,350 shares being exercised on November 3, 2025 [2][22]. Group 1: Incentive Plan Overview - The incentive plan was approved by the board and supervisory committee on August 28, 2025, confirming the achievement of the first exercise conditions and the lifting of restrictions [11][13]. - The plan includes a total of 795,000 stock options and restricted stocks granted to 74 incentive objects, with the first grant date being September 25, 2023 [5][6]. - The plan aims to enhance corporate governance and motivate employees towards the company's sustainable development [3][4]. Group 2: Exercise Conditions and Arrangements - The first exercise period for the stock options is set from July 22, 2025, to July 22, 2026, while the lifting of restrictions for the restricted stocks is from October 21, 2025, to October 21, 2026 [14]. - The exercise requires that certain conditions are met, including no adverse audit opinions and compliance with performance assessment criteria [15][19]. - The exercise price for the stock options is set at 3.48 yuan per share, with a total of 18 individuals participating in the exercise [21]. Group 3: Financial Impact and Stock Structure - The exercise does not involve the issuance of new shares and will not affect the company's total share capital, which remains at 1,793,107,141 yuan [28]. - The shares used for the exercise are sourced from the company's repurchased A-shares, resulting in a decrease of 495,350 shares in the repurchase account [25]. - The company received a total of 1,723,818 yuan from the exercise of stock options by the incentive objects [26].