Core Viewpoint - The company has completed the registration of the stock option incentive plan for 2025, which involves the granting of stock options to selected employees to enhance motivation and align their interests with those of shareholders [2][16]. Group 1: Decision-Making Process and Disclosure - The company held a board meeting on August 4, 2025, to approve the stock option incentive plan and its management measures [2]. - The proposed list of incentive recipients was publicly disclosed on the internal website from August 5 to August 14, 2025, with no objections received [3]. - A temporary shareholders' meeting on August 20, 2025, approved the incentive plan and related matters [3]. Group 2: Stock Option Grant Details - The initial grant of stock options was set at 38.95 million options, with a strike price of 1.66 yuan per option, and 84 individuals were granted these options [5][6]. - The number of options was adjusted from 40 million to 38.95 million due to the departure of three incentive recipients [4][16]. Group 3: Conditions for Granting and Exercising Options - The stock options have a validity period of up to 48 months, with a waiting period of 12 months before they can be exercised [8]. - Specific performance targets must be met for the options to be exercised, with assessments conducted annually for the years 2025 and 2026 [12][13]. Group 4: Financial Impact - The total estimated expense for the stock options granted is approximately 7.8737 million yuan, which will be amortized over the vesting period [17]. - The incentive plan is expected to positively impact the company's long-term performance by enhancing employee motivation and operational efficiency [17].