CFMOTO(SH:603129) Shang Hai Zheng Quan Bao·2026-02-26 18:22Core Viewpoint - Zhejiang Chunfeng Power Co., Ltd. announced the cancellation of 244,600 stock options from the 2024 stock option incentive plan due to the departure of 108 incentive targets and the failure of 7 individuals to meet performance assessment criteria [2][9][10]. Group 1: Stock Option Cancellation - The company will cancel a total of 244,600 stock options, comprising 241,000 options from 108 departed incentive targets and 3,600 options from 7 individuals who did not meet performance criteria [2][9]. - Following the cancellation, the number of incentive targets for the 2024 stock option plan will be adjusted from 1,291 to 1,183 [9][20]. Group 2: Approval Process - The decision to cancel the stock options was approved during the sixth board meeting held on February 26, 2026, which followed the necessary legal procedures and received authorization from the 2024 first extraordinary shareholders' meeting [3][11][28]. - The board's remuneration and assessment committee agreed with the cancellation, confirming that it aligns with the relevant regulations and will not adversely affect the company's financial status or shareholder interests [10][11][28]. Group 3: Stock Option Grant and Exercise Conditions - The first grant of stock options under the 2024 incentive plan was completed on October 16, 2024, with a total of 3.27 million options granted to 1,291 individuals [6][17]. - The first exercise period for the stock options is set from September 11, 2025, to September 10, 2026, with 901,000 options eligible for exercise by 1,176 individuals at a price of 102.15 yuan per share [14][22][24].