Core Viewpoint - The draft stock option and restricted stock incentive plan for 2025 by Shenzhen Keri Technology Co., Ltd. aims to attract and retain talent, align the interests of shareholders, the company, and employees, and promote sustainable development while ensuring shareholder interests are protected [1][2]. Summary by Sections Incentive Plan Overview - The incentive plan is based on relevant laws and regulations, including the Company Law and Securities Law, and does not fall under any prohibitive conditions outlined in the regulations [1][2]. - The plan excludes directors, supervisors, senior management, and shareholders holding more than 5% of the company's shares from being incentive recipients [2][3]. Stock Options and Restricted Stocks - The total number of rights to be granted under the plan is 1.7673 million, accounting for approximately 0.42% of the company's total share capital at the time of the announcement [2][3]. - The stock options will be sourced from the company's directed issuance of A-shares, while restricted stocks will be repurchased from the secondary market [2][3]. Specifics of the Stock Option Plan - The stock option plan includes granting a total of 1.1782 million options, representing about 0.28% of the company's total share capital [3][11]. - The exercise price for the stock options is set at 12.63 yuan per share, while the grant price for restricted stocks is 8.42 yuan per share [4][17]. Duration and Conditions - The effective period for stock options is up to 36 months from the date of grant registration, with specific conditions for exercising the options [4][15]. - The plan includes performance assessment criteria at both company and individual levels, with specific revenue and profit targets set for 2025 and 2026 [20][21]. Performance Targets - For the first exercise period, the company must achieve at least 2.851 billion yuan in revenue or 265 million yuan in net profit for 2025 [20][21]. - The second exercise period requires cumulative net profits of at least 543 million yuan over 2025 and 2026 [21][22]. Adjustment Mechanisms - The plan includes provisions for adjusting the number of stock options and exercise prices in the event of capital increases, stock dividends, or other corporate actions [25][26]. - The company will not provide loans or financial assistance to incentive recipients for acquiring rights under this plan [4][5]. Governance and Approval - The plan requires approval from the shareholders' meeting before implementation, and the board of directors will manage its execution [5][8]. - The supervisory board will oversee the plan's implementation and ensure compliance with relevant regulations [8][9].

江苏恒兴新材料科技股份有限公司 （授予日） 一、总体情况 本激励计划授予的限制性股票在各激励对象之间分配的总体情况如下表所 示： 获授的限制 占授予限制 占本激励计划 序号 姓名 职务/类别 性股票数量 性股票总量 公告日公司股 （万股） 的比例 本的比例 管理、技术、业务骨干人员 （8 人） 合计 217.21 100.00% 1.05% 注：1、上述任何一名激励对象通过全部在有效期内的股权激励计划获授的本公司股票均未 超过公司总股本的 1%，公司全部在有效期内的激励计划所涉及的标的股票总数累计不超过 本激励计划公告时公司股本总额的 10%； 份的股东或实际控制人及其配偶、父母、子女； 监事会发表明确意见、律师发表专业意见并出具法律意见书后，公司在指定网站按要求及时 准确披露当次激励对象相关信息； 二、首次授予部分激励对象中的管理、技术、业务骨干人员名单 序号 姓名 职务 序号 姓名 职务 江苏恒兴新材料科技股份有限公司董事会 ...

Meeting Details - The 18th meeting of the 4th Supervisory Board of Shanghai Huace Navigation Technology Co., Ltd. was held on August 6, 2025, with all three supervisors present [1][2] - The meeting was conducted in accordance with relevant laws and regulations, including the Company Law of the People's Republic of China [2] Resolutions Passed - The Supervisory Board unanimously approved the 2025 semi-annual report and its summary, confirming that the report complies with legal and regulatory requirements and accurately reflects the company's situation [2][3] - The company's total share capital increased from 549,462,674 shares to 781,639,395 shares due to stock incentive plan registrations and other matters, with the registered capital changing accordingly [2][3] Amendments to Company Regulations - The company has revised certain governance systems in accordance with relevant laws and regulations, with the details published on the official website [3][4] - The purchase of directors and officers liability insurance was approved to enhance the company's risk management system, ensuring the protection of the rights of the company and all shareholders [4]

Compliance Requirements - The financial report for the most recent accounting year did not receive a negative or unable-to-express opinion from auditors [2] - There have been no instances of profit distribution that did not comply with laws, regulations, or company articles in the last 36 months [2] - No financial assistance has been provided to incentive objects [2] Incentive Object Compliance - No shareholders or actual controllers holding more than 5% of the company's shares are included as incentive objects [2] - No inappropriate candidates have been recognized by the stock exchange or the China Securities Regulatory Commission (CSRC) in the last 12 months [2] - There are no major violations that would disqualify individuals from being incentive objects [2] Incentive Plan Compliance - The total stock granted to a single incentive object does not exceed 1% of the company's total share capital [2] - The reserved rights for incentive objects do not exceed 20% of the total rights to be granted in the current incentive plan [2] - Performance assessment indicators are established as conditions for incentive objects to exercise their rights [2] Disclosure Requirements - The incentive plan must detail the purpose, criteria for selecting incentive objects, and the number of rights to be granted [3] - The plan must disclose the types of stocks involved, their sources, and the total number of rights as a percentage of the company's total share capital [3] - The plan must include the effective period, pricing methods for stock options, and the conditions for exercising rights [4] Performance Assessment - The interval between the grant date of restricted stocks and the first lifting of restrictions must be no less than 12 months [4] - The proportion of stocks that can be released from restrictions in each phase must not exceed 50% of the total restricted stocks granted to the incentive object [4] - The plan must ensure that the performance assessment indicators meet relevant requirements [5]

Core Viewpoint - Nuwai Co., Ltd. shows strong performance with a significant increase in net profit and a positive outlook for future growth, supported by a robust order book and a new equity incentive plan [1] Company Performance - As of August 7, 2025, Nuwai's stock price reached 33.80 yuan, reflecting a 1.68% increase from the previous trading day [1] - The trading volume on that day was 50,774 hands, with a total transaction amount of 171 million yuan [1] - The company's net profit attributable to shareholders grew by 28% year-on-year in the second quarter, exceeding expectations [1] Industry Position - Nuwai specializes in the design, manufacturing, and sales of industrial valves, with applications in the oil, chemical, and power industries [1] - The company is recognized as a leading player in the industrial valve sector, headquartered in Jiangsu [1] Future Outlook - The report from Dongwu Securities on August 7 recommends a "buy" rating for Nuwai, citing the company's solid profit growth and full order book [1] - The company's diversified and global development strategy remains intact, which is expected to drive future growth [1] - The implementation of the 2025 equity incentive plan is anticipated to enhance team motivation and performance [1]

Group 1 - The core viewpoint of the report is that Dongwu Securities has given a "buy" rating to Nuwai Co., Ltd. (603699.SH) based on strong financial performance and growth potential [2] - In Q2, the company's net profit attributable to shareholders increased by 28% year-on-year, indicating robust growth in profitability [2] - The company maintains a full order book, with a diversified and global strategy that supports its growth outlook as a leading valve manufacturer [2] - The implementation of the 2025 equity incentive plan is expected to enhance team motivation and performance [2]

授予马斯克9600万股，但马斯克需要161亿元购买。 作者 | 张睿 编辑 | 志豪 特斯拉要给马斯克发2000亿薪酬！ 车东西8月5日消息，根据特斯拉在当地时间8月4日提交的一份文件，特斯拉董事会已授予CEO埃隆·马斯克9600万股普通股的临时薪酬方案， 按特斯拉当日股价309.26美元（约合人民币2219.87元）/股，总价值约296.89亿美元（约合人民币2131.08亿元）。 ▲特斯拉在当地时间8月4日提交的文件 根据文件中的内容，此前特斯拉成立了一个特别委员会，以审议与马斯克相关的薪酬事宜。特别委员会由无关联关系董事Robyn Denholm和 Kathleen Wilson-Thompson组成。 ▲文件中关于马斯克薪酬方案的内容 在2025年8月3日，特斯拉根据2019年股权激励计划（"2019 计划"）批准授予马斯克9600万股限制性股票，即"2025年CEO临时奖"。 该等股份将在《1976 年哈特-斯科特-罗迪诺反垄断改进法》（经修订，"HSR 法案"）规定的等待期或等待期届满或终止后发行。 2025年8月1日，特别委员会建议授予该2025年CEO临时奖；2025年8月3日，董事会批准了该 ...

Group 1: Aojie Technology - Aojie Technology has made significant progress in ASIC business, RedCap chips, and 4G/5G smartphone chips [1] - The ASIC business is focused on smart wearables, edge SOC, RISC-V, and cloud inference chips, with expected substantial revenue growth by 2026 [1] - RedCap chips are commercially available in the IoT market, and the company has production capabilities for smart wearables [1] - The company has successfully commercialized 4G quad-core chips and is making steady progress in the development of 4G octa-core, 6nm 4G octa-core, and 6nm 5G octa-core chips [1] - The company plans to control the growth of period expenses and R&D expenses to no more than 15% [1] Group 2: Northern Rare Earth - The research focused on the integration prospects of the domestic rare earth industry, total control indicators, downstream demand expectations, and the heavy rare earth reserves in the Baiyun Obo mine [2] - The company believes that the domestic rare earth industry is accelerating integration under policy drivers, forming a "one south, one north" pattern to enhance international competitiveness [2] - The total control indicators for this year consider market, production, and supply-demand situations, aligning with new policy requirements [2] - Future downstream demand for rare earths is expected to grow due to green low-carbon initiatives and emerging fields [2] - The Baiyun Obo mine has heavy rare earth reserves of several hundred thousand tons [2] - The company plans to continue increasing its dividend rate to enhance stability and provide better returns to shareholders [2] Group 3: Jianlong Micro-Nano - Jianlong Micro-Nano is progressing with a major asset restructuring to acquire Shanghai Hanxing Energy Technology Co., Ltd. to expand high value-added projects [3] - The second phase of the Thailand Jianlong project has been put into production, with an annual capacity of 24,000 tons, targeting overseas markets [3] - Future growth points are expected from market expansion in traditional and new product areas, including industrial gas separation and adsorption drying [3] - The company will not adjust the conversion price during a specific period [3] Group 4: Xingye Silver Tin - The research covered the progress of Yinman Phase II, Yubang Mining expansion, and the company's development strategy [4] - Yinman Phase II has received project approval and is in communication with the government for construction permits [4] - Yubang Mining's 8.25 million ton expansion project is applying for construction permits [4] - The company focuses on silver and tin as core businesses while gradually integrating copper and gold resources [4] - The Yubang Mining expansion project is expected to produce 450 tons of silver annually upon reaching full capacity [4] - The company has established a comprehensive safety management system and emphasizes investment in safety [4] - The company has good exploration prospects for its Moroccan project [4]

Core Viewpoint - The announcement details the completion of the registration for the first grant of restricted stock under the company's 2025 equity incentive plan, which involves 5.7135 million shares granted to 208 individuals, with a listing date set for August 6, 2025 [1][13]. Summary by Sections 1. Approval Procedures - The 2025 equity incentive plan underwent several approval steps, including meetings of the compensation and assessment committee and the board of directors, culminating in a shareholder meeting on July 14, 2025, which approved the plan [2][3][12]. 2. Grant Details - The first grant date for the restricted stock was July 17, 2025, with a total of 5.7225 million shares initially planned, but adjusted to 5.7135 million shares after 9 individuals voluntarily forfeited their allocations [5][12]. - The grant price for the restricted stock was set at 7.35 yuan per share [5]. 3. Vesting Schedule - The restricted stock has a vesting period of 12, 24, and 36 months from the date of registration completion, with specific conditions for release [6][7]. - The release conditions include achieving certain performance targets related to revenue and net profit growth over the years 2025 to 2027 [9][10]. 4. Performance Targets - For the first vesting period, the company must achieve a revenue growth rate of at least 18.20% or a net profit growth rate of at least 30.00% based on 2024 figures [9]. - Subsequent years have progressively higher targets, with the final year requiring a revenue growth of at least 65.14% or a net profit growth of at least 119.70% [10]. 5. Shareholder Structure - Following the grant, the total number of shares will increase, but the controlling shareholder's percentage remains unchanged at 32.53%, ensuring that the controlling structure of the company is maintained [14]. 6. Fund Utilization - The funds raised from the issuance of restricted stock will be used to supplement the company's working capital [13].

Group 1 - The company held its 19th Supervisory Board meeting on July 30, 2025, where the agenda and related materials were communicated to all supervisors [1] - The Supervisory Board unanimously approved the proposal to lift the restrictions on 150,000 restricted stocks for five incentive recipients, in accordance with relevant regulations [1][2] - The Supervisory Board also approved a related party transaction where its subsidiary, Shenyang Ruijing Precision Technology Co., Ltd., will purchase equipment through financing leasing from a related party, Shenyang Jiangfeng Tongchuang Precision Manufacturing Co., Ltd., which is deemed beneficial for the subsidiary's operations [2][3] Group 2 - The voting results for the proposals were unanimous, with 3 votes in favor and no votes against or abstentions [2][3] - The company plans to submit the related party transaction proposal to the shareholders' meeting for further approval [2]