WINGTECH(SH:600745) Shang Hai Zheng Quan Bao·2026-01-05 19:32Core Viewpoint - The announcement details the conversion of convertible bonds and the results of the stock option incentive plan for Wentai Technology, highlighting the limited conversion activity and the status of stock options exercised by employees [2][3][4]. Convertible Bond Conversion Status - As of December 31, 2025, a total of 2,978,000 yuan of "Wentai Convertible Bonds" has been converted into company stock, resulting in 37,823 shares, which represents 0.0030% of the total shares before conversion. The remaining unconverted amount of "Wentai Convertible Bonds" is 8,596,986,000 yuan, accounting for 99.9650% of the total issuance [2][7]. - In the fourth quarter of 2025, the conversion amount was 281,000 yuan, leading to the issuance of 6,418 shares, which is 0.00051% of the total shares before conversion [7]. Stock Option Incentive Plan - The second exercise period of the stock option incentive plan allows for 232,753 stock options to be exercised from September 26, 2025, to August 24, 2026. The first exercise period has 406,888 options available from November 13, 2024, to October 24, 2025, while the second reserved exercise period has 20,595 options from November 21, 2025, to October 24, 2026 [3][8]. - During the fourth quarter of 2025, 13,127 shares were transferred following the exercise of stock options, which is 5.64% of the total options available for the second exercise period. No shares were transferred for the first reserved exercise period, while 4,255 shares were transferred for the second reserved exercise period, representing 20.66% of the total options available [4][11]. Decision-Making Process for Stock Options - The decision-making process for the stock option incentive plan involved multiple board meetings and approvals, including the board of directors and the supervisory board, ensuring compliance and independent opinions on the plan [8][9].