Shang Hai Zheng Quan Bao·2026-01-19 19:27Core Viewpoint - The announcement details the completion of the stock option incentive plan for 2024 by Guangzhou Tinci Materials Technology Co., Ltd, including the approval process, adjustments to the incentive object list, and the registration of reserved stock options. Group 1: Decision Process and Approval - On December 11, 2024, the company's board approved the stock option incentive plan and related proposals, which were also verified by the supervisory board [1] - The initial list of incentive objects was publicly announced from December 13 to December 22, 2024, with no objections received during the public notice period [2] - The second extraordinary general meeting on December 30, 2024, approved the incentive plan, granting the board authority to determine the grant date and manage related matters [3] Group 2: Adjustments and Registration - On December 30, 2024, adjustments were made to the initial list of incentive objects, reducing the number of recipients from 901 to 893 and the total number of options from 15.1985 million to 15.0935 million [4] - The registration of the first grant of stock options was completed on January 17, 2025, with a total of 1.5399 million options reserved for 311 individuals [4][5] Group 3: Stock Option Details - The grant date for the reserved stock options is set for December 9, 2025, with a total of 1.5399 million options granted at an exercise price of 16.64 yuan per option [5] - The stock options are sourced from the company's A-share ordinary stock, and the total number of options granted to any individual cannot exceed 1% of the company's total share capital [5] Group 4: Performance Assessment Requirements - The performance assessment for the incentive plan will be conducted over two fiscal years (2026-2027), with annual evaluations determining the exercise ratio based on company performance [8] - Department-level assessments will be based on the overall performance of each department, while individual assessments will be conducted according to departmental performance and individual contributions [10][12] Group 5: Financial Impact and Valuation - The fair value of the stock options will be calculated using the Black-Scholes model, with parameters including a stock price of 39.96 yuan per share and a historical volatility of approximately 19.48% [15][16] - The estimated costs associated with the stock options will be recognized in the company's regular profits and losses, with a minimal impact on net profit anticipated, considering the potential positive effects on company performance [16]