Core Points - The company has completed the registration of the 2024 stock option incentive plan on September 3, 2025, as confirmed by the Shenzhen Stock Exchange and the China Securities Depository and Clearing Corporation [1][9] - The incentive plan includes a total of 944,000 stock options for initial grants, accounting for 96.42% of the total options, and 350,000 options reserved, accounting for 3.58% of the total [2][10] - The stock options are granted to directors, senior management, and other core employees, excluding independent directors and supervisors [2] Summary by Sections Stock Option Incentive Plan Overview - The stock option incentive plan allows for a total of 944,000 options to be initially granted and 350,000 options reserved, with the total options representing 2.00% of the company's total share capital as of the announcement date [2][10] - The options will be adjusted in quantity if the company undergoes capital increases, stock dividends, stock splits, or other similar events before the options are exercised [2] Granting and Exercise Conditions - The options have a maximum exercise period of 48 months from the date of grant, with specific waiting periods of 12, 24, and 36 months for the reserved options [3][5] - The exercise arrangement includes three phases: 30% can be exercised after 12 months, another 30% after 24 months, and 40% after 36 months for the initial grant [4][5] Performance Assessment - The performance assessment for the stock options is based on the company's revenue growth, with specific targets set for the years 2024 to 2026 [7] - If the company does not meet the performance targets, the options for that period will be canceled [7] Approval and Disclosure Procedures - The incentive plan has undergone various approval processes, including resolutions passed by the board and supervisory committee, and has been publicly disclosed without any objections from shareholders [8][9] - The company has ensured that the granting of stock options aligns with the public disclosures made regarding the incentive plan [9]