Halo Micro(SH:688173) Shang Hai Zheng Quan Bao·2025-11-19 17:59Core Viewpoint - The company has completed the second exercise period of its 2021 stock option incentive plan, allowing for the exercise of 822,927 shares, which represents 0.20% of the company's total share capital prior to the exercise [2][17]. Summary by Sections Stock Option Exercise Details - The number of shares exercised in this round is 822,927, which will be tradable three years after the exercise date, expected to be on November 19, 2028 [2][13]. - The decision for this exercise was approved during the second meeting of the second board of directors on January 26, 2024 [2]. Historical Context of Stock Option Plan - The stock option plan was initially approved in October 2020, prior to the company's transformation into a joint-stock company, and involved signing option grant agreements with employees [2][3]. - In 2021, the company granted a total of 35,562,800 stock options to 103 employees, with a validity period of 10 years [3]. Previous Exercise Periods - The first exercise period saw multiple rounds of exercises, with the first round involving 1,480,270 shares, the second round 3,044,935 shares, and the third round 771,809 shares [4][5][6]. - The first exercise period was extended by one year, affecting the start of the second exercise period [7]. Financial Impact of the Current Exercise - Following this exercise, the total share capital will increase from 411,209,841 shares to 412,032,768 shares, with no significant impact on the company's equity structure [17]. - The basic earnings per share and net asset value per share remain largely unchanged, indicating that the exercise does not materially affect the company's financial performance [17].