Core Viewpoint - Shenzhen Zhaowei Electromechanical Co., Ltd. has announced the first exercise period of its 2024 stock option and restricted stock incentive plan, allowing 122 participants to exercise a total of 627,850 options at a price of 42.42 yuan per option, with the exercise period running from August 29, 2025, to August 27, 2026 [1][12]. Summary by Sections Incentive Plan Approval Process - The company held several meetings to approve the incentive plan, including the board and supervisory committee meetings, and received legal and financial advisory opinions [1][2][4]. - The plan was publicly announced and no objections were raised during the internal disclosure period [2][3]. Conditions for Exercise - The first exercise period for stock options is defined as the period from 12 months after the grant date to 24 months after the grant date, with the first waiting period ending on August 27, 2025 [5]. - The company met all conditions for the exercise of options, including no negative audit opinions or violations of regulations [5][6]. Specifics of the Exercise - The total number of options available for exercise is 627,850, with a set exercise price of 42.42 yuan per option [11][12]. - The exercise will be conducted through a self-exercise model, with the designated broker being CITIC Securities [12][14]. Impact on Company Structure - The exercise of stock options is not expected to significantly impact the company's shareholding structure or listing conditions [14]. - If all options are exercised, the total share capital will increase from 240,196,500 shares [14][15]. Tax and Fund Management - Participants are responsible for their personal income tax, which will be withheld by the company [14]. - Funds raised from the exercise will be stored in a dedicated account to supplement the company's liquidity [14].