Core Points - The company, Shanghai Junshi Biosciences Co., Ltd., has announced a stock option incentive plan for 2025, detailing the distribution of equity rights among key personnel [1] - The total number of stock options granted in the initial allocation is 2,536,000, which represents 96.88% of the total options granted [1] - The plan includes a reserved portion of 81,587.1 options, accounting for 3.12% of the total [1] Summary by Category Incentive Plan Details - The incentive plan proposes to grant a total of 2,617,587.1 stock options [1] - The chairman, Xiong Jun, is allocated 800,000 options, which is 30.56% of the initial grant [1] - A total of 250 personnel identified by the board will receive 1,736,000 options, representing 66.32% of the initial grant [1] Proportions and Limits - The total options granted do not exceed 1% of the company's total share capital for any individual recipient [1] - Cumulatively, the options involved in the incentive plan do not exceed 10% of the company's total share capital at the time of the plan's announcement [1]

Core Points - The announcement details the conversion of convertible bonds and the results of the 2023 stock option incentive plan by Great Wall Motor Co., Ltd. [1][4] Convertible Bonds Conversion - From August 1 to August 31, 2025, a total of 1,000 yuan of "Changqi Convertible Bonds" was converted into 25 shares of the company's stock. [1] - Cumulatively, from December 17, 2021, to August 31, 2025, 4,900,000 yuan of "Changqi Convertible Bonds" has been converted into 128,529 shares, representing 0.0014% of the company's total issued shares before conversion. [1][5] - As of August 31, 2025, the amount of convertible bonds that have not been converted is 3,495,099,000 yuan, accounting for 99.86% of the total issued convertible bonds. [6] Convertible Bonds Issuance Overview - The company issued 35 billion yuan worth of convertible bonds on June 10, 2021, with a face value of 100 yuan per bond, approved by the China Securities Regulatory Commission. [2] - The initial conversion price was set at 38.39 yuan per share, which has been adjusted to 39.16 yuan per share due to various corporate actions. [2][5] 2023 Stock Option Incentive Plan - The first exercise period for the 2023 stock option incentive plan allows for the exercise of 18,948,783 shares, with a self-exercise method from May 12, 2025, to January 25, 2026. [4] - As of August 31, 2025, no shares have been exercised from this plan, representing 0% of the total available options for the first exercise period. [4][12] Stock Option Exercise and Fundraising - Through the self-exercise method, a total of 30 shares have been registered and 807.60 yuan has been raised, which will be used to supplement working capital. [12] - The stock options exercised will be listed for trading on the second trading day after the exercise date. [12] Changes in Share Capital - The total number of shares before the changes was 8,558,946,263, and after the conversion of convertible bonds and stock options, it increased to 8,558,946,288 shares. [13] - The distribution of shares remains compliant with listing conditions after the changes. [13]

Core Viewpoint - The report serves as an independent financial advisory document for Zhejiang Chunfeng Power Co., Ltd.'s 2024 stock option incentive plan, ensuring compliance with relevant laws and regulations [1][2][3] Group 1: Independent Financial Advisor's Role - The independent financial advisor, Shanghai Miaodao Enterprise Management Consulting Co., Ltd., was commissioned to provide an independent financial advisory report for the stock option incentive plan [1] - The advisor conducted due diligence and confirmed that their professional opinions align with the company's disclosed documents [2] - The advisor assumes that there will be no significant changes in laws, regulations, or the market environment affecting the company [5] Group 2: Approval Process for the Incentive Plan - On August 6, 2024, the company’s board and supervisory committee approved the draft of the stock option incentive plan [6] - The names and positions of the initial grant recipients were publicly disclosed from August 7 to August 19, 2024, with no objections received [6] - The first extraordinary general meeting of shareholders on September 2, 2024, approved the incentive plan and related matters [7] Group 3: Stock Option Grant Details - The stock option grant date for the reserved portion is set for August 29, 2025, with a total of 248,100 options reserved for 306 recipients [8] - The exercise price for the stock options was adjusted from 106.00 RMB/share to 102.15 RMB/share [13] - The plan stipulates that the options must be exercised within a maximum of 48 months from the grant date [8] Group 4: Performance Assessment Criteria - The performance targets for the first exercise period require cumulative revenue of no less than 30.5 billion RMB for 2024 and 2025 [11] - The second exercise period requires cumulative revenue of no less than 50.5 billion RMB for 2024 to 2026 [11] - Individual performance assessments will determine the eligibility of recipients to exercise their options based on their performance ratings [11]

Core Viewpoint - Zhejiang Chunfeng Power Co., Ltd. has reviewed the list of incentive recipients for its 2024 stock option incentive plan, ensuring compliance with relevant laws and regulations [1][2]. Group 1: Incentive Plan Overview - The incentive plan is designed for core management and technical personnel within the company and its subsidiaries, excluding independent directors and major shareholders [2]. - A total of 306 individuals have been identified as eligible recipients for the stock options, with a total of 248,100 stock options reserved for them [2]. - The exercise price for the stock options is set at 102.15 yuan per share, with the authorization date for the incentive plan being August 29, 2025 [2]. Group 2: Compliance and Eligibility - The review process confirmed that the selected recipients meet the qualifications outlined in the Company Law, Securities Law, and the Management Measures for Equity Incentives [1][2]. - Specific disqualifications for potential recipients include being recognized as inappropriate candidates by the stock exchange or the China Securities Regulatory Commission within the last 12 months, or having been subject to significant legal penalties [1].

Stock Options and Restricted Stock Allocation - The total number of stock options granted to core employees (104 individuals) is 1,178,200 shares, representing 0.28% of the company's total share capital [1] - The total number of restricted stocks granted to the same group of core employees is 589,100 shares, which accounts for 0.14% of the total share capital [1] - Adjustments to stock options and restricted stocks may occur if any of the incentive recipients leave the company or voluntarily forfeit their grants before the registration is completed [1] Core Employee List - The document includes a list of core employees who participated in the stock option and restricted stock incentive plans, although specific names and positions are not provided in the text [2]

Core Viewpoint - The board's remuneration and assessment committee of Guangxi Liuyuan Group Co., Ltd. has conducted a necessary review of the 2025 stock option incentive plan and agrees to implement it, ensuring compliance with relevant laws and regulations [2][4]. Summary by Relevant Sections - **Regulatory Compliance**: The incentive plan adheres to the provisions of the Company Law, Securities Law, and the Management Measures for Incentive Plans, confirming that there are no prohibitive circumstances for implementing the stock option plan [2][3][4]. - **Eligibility of Incentive Objects**: The incentive objects include company directors, senior management, and core personnel, excluding independent directors and shareholders holding more than 5% of the company's shares. The selection criteria comply with the Management Measures [3][4]. - **Public Disclosure**: The company is required to publicly disclose the names and positions of the incentive objects for at least 10 days before the shareholders' meeting, ensuring transparency in the selection process [3][4]. - **Granting and Exercise Arrangements**: The plan outlines the granting and exercise arrangements for stock options, including the number of options, grant date, exercise price, waiting period, and conditions, all in compliance with legal regulations and without harming the interests of the company and its shareholders [4]. - **Committee Agreement**: The remuneration and assessment committee unanimously agrees to the implementation of the incentive plan, emphasizing its potential to enhance management efficiency and promote sustainable development of the company [4][5].

Core Viewpoint - The company has conducted a necessary review of the 2025 stock option incentive plan and has determined that it meets the legal and regulatory requirements for implementation [1][5][6] Group 1: Eligibility and Compliance - The company is qualified to implement the incentive plan as it does not fall under any disqualifying conditions outlined in relevant laws and regulations [1][2] - The incentive plan's targets include company directors, senior management, and core personnel, excluding independent directors and major shareholders [3][5] Group 2: Implementation Process - The company will publicly disclose the names and positions of the incentive plan participants for a minimum of 10 days before the shareholders' meeting [3][5] - The board's remuneration and assessment committee will provide a review of the participant list and public feedback five days prior to the shareholders' meeting [3][5] Group 3: Benefits and Strategic Alignment - The incentive plan is designed to enhance the motivation and creativity of the management team, contributing to the long-term healthy development of the company [5][6] - The assessment management measures are aligned with legal requirements and the company's actual situation, ensuring the effective implementation of the incentive plan [5]

Group 1 - The company has reviewed the conditions for the first exercise period of the 2024 second phase stock option incentive plan, noting that the performance targets were not met, leading to the cancellation of stock options [2][3] - A total of 5.2 million stock options that were granted but not exercised will be canceled, in accordance with relevant regulations and the incentive plan [3] - The cancellation of these stock options will not affect the company's compliance with listing requirements or the continuation of the incentive plan, and it does not harm the interests of the company and its shareholders [3]

Core Viewpoint - The company has completed the cancellation of stock options as part of its 2022 stock option incentive plan, which will not materially affect its financial status or operational results [1][5]. Summary of Stock Option Cancellation - The company held meetings on August 12, 2025, where it approved the cancellation of stock options due to various reasons, including one individual failing to meet payment deadlines and others leaving the company [1][2]. - A total of 44.6488 thousand stock options from the initial grant and 26.2248 thousand from the reserved grant were canceled, adjusting the number of incentive recipients from 86 to 73 for the initial grant and from 50 to 39 for the reserved grant [3][4]. Completion of Cancellation - The cancellation of stock options was confirmed by the China Securities Depository and Clearing Corporation on August 26, 2025, and these options had not been exercised, thus not impacting the company's share capital [4]. Impact on the Company - The cancellation aligns with relevant regulations and will not have a substantial impact on the company's financial condition or operational performance, nor will it affect the diligence of the management team [5].

Summary of Key Points Core Viewpoint The announcement details the achievement of conditions for the second exercise period of the stock option incentive plan for Huaping Information Technology Co., Ltd, allowing 60 eligible participants to exercise a total of 4.202 million stock options at a price of 3.30 yuan per share, following the completion of necessary procedures. Group 1: Stock Option Plan Details - The stock option incentive plan was approved on June 27, 2023, and the second exercise period has been confirmed to meet the required conditions [2][11] - A total of 60 individuals are eligible to exercise the stock options, with 4.202 million options available for exercise [1][11] - The exercise price for the stock options is set at 3.30 yuan per share [1][15] Group 2: Performance Assessment and Conditions - The performance assessment for the stock options is based on the company's revenue growth, with specific target and trigger values set for the years 2023 and 2024 [4][5] - For the second exercise period, the company achieved a revenue growth rate of 18.82%, qualifying for an 80% exercise ratio [8][11] - The assessment includes both company-level and individual performance evaluations, with various levels determining the actual number of options that can be exercised [5][10] Group 3: Adjustments and Cancellations - Adjustments to the number of options and exercise price may occur due to corporate actions such as stock splits or capital increases [3][15] - A total of 181.30 thousand stock options have been canceled due to participants no longer meeting eligibility criteria or not fulfilling performance requirements [12][19] - The company will handle the exercise procedures for the eligible stock options and will announce further details regarding the exercise timeline [1][19] Group 4: Financial Impact and Use of Proceeds - If all eligible stock options are exercised, the company's net assets will increase by approximately 13.87 million yuan, with a capital increase of 4.202 million yuan [19] - The funds raised from the exercise of stock options will be used to supplement the company's working capital [19] Group 5: Legal and Compliance - The company has obtained necessary approvals and legal opinions confirming that the conditions for exercising the stock options have been met [21][22] - The independent financial advisor has also verified that the procedures and disclosures related to the stock option exercise and cancellations comply with relevant regulations [22]