CIG(SH:603083) Shang Hai Zheng Quan Bao·2025-11-20 19:22Core Viewpoint - The announcement details the implementation of the 2024 stock option incentive plan by Shanghai Cambridge Technology Co., Ltd, including the approval process, execution, and implications for the company's capital structure and shareholder interests [1][2][5]. Group 1: Stock Option Incentive Plan Approval - The company's board approved the 2024 stock option incentive plan and related proposals during the third meeting of the fifth board on August 7, 2024 [2]. - The plan was subsequently reviewed and approved by the remuneration and assessment committee and the supervisory board [2][3]. - The company published the list of incentive targets on its official website from August 9 to August 18, 2024, with no objections received [3]. Group 2: Stock Option Details - A total of 7,568,532 shares will be listed for the stock option incentive plan, with the listing date set for November 26, 2025 [4]. - The number of participants exercising the options is 743, including company directors and senior management [4][9]. - The total share capital will increase from 345,081,841 shares to 352,650,373 shares following the exercise of options [4][16]. Group 3: Financial and Capital Structure Impact - The exercise of stock options will raise approximately RMB 220,886,261.58, which will be used to supplement working capital [15]. - The newly issued shares represent 2.19% of the total share capital before the exercise, indicating a minor impact on the overall equity structure [16]. - The company confirmed that the exercise of options does not significantly affect its financial status or operational results [16]. Group 4: Compliance and Legal Considerations - The company conducted a self-examination regarding insider trading prior to the announcement of the incentive plan and found no violations [5]. - Legal opinions were obtained to ensure compliance with relevant laws and regulations regarding the stock options [6][11]. Group 5: Verification and Registration - The company engaged Da Xin Accounting Firm to verify the new registered capital and share structure, confirming the receipt of funds from 735 incentive targets [13]. - The registration of the new shares was completed on November 19, 2025 [14].