Sou Hu Cai Jing·2025-12-30 18:02Core Viewpoint - The company, Shenzhen South Circuit Co., Ltd. (深南电路), is actively engaging in stock incentive plans and foreign exchange hedging to manage risks and incentivize key personnel, while also planning for future shareholder meetings and related transactions [4][6][7]. Group 1: Stock Performance and Shareholder Information - As of December 30, 2025, the company's stock closed at 233.75 yuan, with a slight increase of 0.14% and a trading volume of 93,700 lots, amounting to a total transaction value of 2.19 billion yuan [1]. - The total number of ordinary shareholders as of September 30, 2025, was reported to be 39,473 [2]. Group 2: Board Decisions and Shareholder Meetings - The 11th meeting of the 4th Board of Directors was held on December 30, 2025, where several key resolutions were passed, including the revised draft of the A-share restricted stock incentive plan (Phase II) and proposals for foreign exchange hedging and expected daily related transactions for 2026 [4]. - A notice was issued for the first extraordinary general meeting of shareholders in 2026, scheduled for January 15, 2026, to discuss various matters including changes to non-independent directors and the A-share restricted stock incentive plan [5]. Group 3: Incentive Plans and Related Transactions - The company plans to implement a second phase of the A-share restricted stock incentive plan, granting 15.1617 million restricted shares to 660 incentive targets, which represents 2.27% of the total share capital [7]. - The expected total amount for daily related transactions with affiliated parties, including Aviation Industry Corporation and Huajin Semiconductor, for 2026 is projected to be no more than 853.09 million yuan, indicating an increase from the actual amount of 718.86 million yuan for the first 11 months of 2025 [6][7]. Group 4: Foreign Exchange Hedging - To manage foreign exchange and interest rate risks due to increased international business, the company plans to engage in foreign exchange derivative transactions, with a total transaction amount not exceeding 126 million USD for the year [6].