Core Viewpoint - Ananda has approved a new incentive plan aimed at attracting and retaining talent while aligning the interests of shareholders, the company, and its core team to enhance long-term development and operational performance [1] Group 1: Incentive Plan - The company plans to grant a total of 1.04525 million shares under the new incentive plan, which includes both restricted stock and stock options [1][4] - The previous incentive plan, covering 52 employees, resulted in a stock value exceeding 30 million yuan, demonstrating the effectiveness of such plans in driving growth [4] - The new plan sets ambitious performance targets for the team, requiring revenue growth rates of at least 30%, 45%, and 60% over the next three years, which are significantly higher than industry averages [5] Group 2: Strategic Development - Ananda is expanding its product applications into emerging fields such as smart garden machinery and personal mobility aids, indicating a successful initial phase in developing a "second growth curve" through robotics [3] - The company is establishing a new "Ananda Intelligent Manufacturing Project" in Shanghai, which aims to enhance its production capabilities and focus on next-generation intelligent drive systems [2] - The project will support digitalization, automation, and flexibility in manufacturing, thereby improving overall production efficiency [2] Group 3: Market Position and Talent Strategy - The company recognizes the rapid technological advancements and increasing competition in the electric drive and robotics sectors, making talent acquisition and retention critical [6] - The incentive plans not only stabilize the current core team but also create opportunities for attracting high-end talent in the future [6]

Company Overview - Bafang Electric (Suzhou) Co., Ltd. was established in 2003 and focuses on the R&D of core technologies for electric drive systems used in electric bicycles and two-wheeled vehicles, including motors, controllers, batteries, instruments, and sensors [1] - The company is a global player in the R&D and manufacturing of electric drive systems and is listed on the A-share market under the stock code "603489" [1] Stock Performance - Bafang's stock has experienced a decline for eight consecutive trading days, with a cumulative drop of -12.46% [1] Shareholding Structure - Huashang Fund has two funds that are among the top ten shareholders of Bafang. Specifically, Huashang Lexiang Flexible Allocation Mixed A reduced its holdings in the first quarter of this year, while Huashang Yuanjian Value A increased its holdings [1] - Huashang Lexiang Flexible Allocation Mixed A has a year-to-date return of 8.91%, ranking 410 out of 2306 in its category, while Huashang Yuanjian Value A has a year-to-date return of 13.04%, ranking 812 out of 4534 [1] Fund Management - The fund manager for both Huashang Lexiang Flexible Allocation Mixed A and Huashang Yuanjian Value A is Yu Yi, who has extensive experience in investment and research roles across various financial institutions [4]