Group 1 - The core point of the article is that Tian Gong International Limited plans to grant 30 million stock options to its directors and key employees, representing 1.10% of the current issued shares, as part of an incentive plan aimed at driving high-quality growth over the next three years [2] - The stock options will vest in three phases, with each phase unlocking one-third of the options, contingent on achieving a minimum annual revenue growth of 25% for the years 2026, 2027, and 2028 [2] - The exercise price for the stock options is set at HKD 3.50 per share, which is above the closing price of HKD 3.43 on the grant date and the average closing price of HKD 3.366 over the previous five trading days, reflecting the company's confidence in its future value [2] Group 2 - Tian Gong International has over 40 years of experience in the manufacturing industry, focusing on technological innovation and has transitioned from cutting tools to high-end materials [3] - The company has joined the "Fusion High-end Metal Materials Research Joint Laboratory," which aims to develop high-reliability materials for nuclear fusion applications, contributing to national energy security and clean energy development [3] - As the only domestic company producing powder metallurgy tool steel at scale, Tian Gong International has broken the long-standing monopoly of international giants and is positioned to meet the increasing demand for large die-casting materials in the automotive sector [3] Group 3 - Tian Gong's subsidiary, Tian Gong Co., is advancing its titanium alloy business into high-value sectors such as consumer electronics and aerospace fasteners [4] - The company is establishing Jiangsu Tian Gong Titanium Crystal New Materials Co., Ltd. to accelerate the development of titanium alloy powders and high-temperature alloy powders, targeting the medical device and aerospace markets [4] - The stock option grant is seen as a recognition of past innovations and a strategic move for future growth, positioning the company to lead in the high-end materials sector and provide stable long-term returns for investors [4]
天工国际计划授出3000万股购股权