Core Viewpoint - The announcement details the results of the initial grant of stock options under the 2024 stock option incentive plan by Kaisheng Technology Co., Ltd, including the number of options granted, the exercise price, and the eligible participants [2][12]. Summary by Sections Stock Option Grant Details - The initial grant date for stock options is June 13, 2025 [3]. - A total of 16.3 million stock options were granted [4]. - The exercise price for the granted stock options is set at 12.08 yuan per option [6]. - The number of participants receiving the stock options is 194 individuals [5]. Source and Distribution of Stock Options - The stock options are sourced from the company's A-share ordinary stock issued to the incentive objects and/or repurchased from the secondary market [4]. - The recipients include company directors, senior management, and key personnel in management, business, and technology [4]. Validity and Waiting Period - The validity period of the incentive plan lasts until all granted stock options are exercised or canceled, with a maximum duration of 72 months [9]. - The waiting period for the stock options is set at 24, 36, and 48 months from the grant date [9]. Exercise Conditions and Restrictions - The stock options can only be exercised on trading days and are subject to restrictions during specific periods, such as before the announcement of annual and quarterly reports [10]. - If the exercise conditions are not met, the options cannot be exercised, and any unexercised options will be canceled [11]. Financial Impact - The stock option grant will have an impact on the company's financial status and operating results, with costs being amortized over the effective period of the plan [12][13]. - The company anticipates that the positive effects of the incentive plan on performance will outweigh the associated costs [13].