Core Viewpoint - The company has completed the registration of its stock option incentive plan for 2025, which includes the granting of 5 million stock options to 12 individuals, aimed at enhancing employee motivation and aligning their interests with those of shareholders [2][5][16]. Group 1: Incentive Plan Overview - The stock option incentive plan was approved by the company's board and supervisory committee through a series of meetings held in April and May 2025 [2][3][4]. - The stock options will be granted on October 23, 2025, with a total of 5 million options reserved for 12 individuals [5][6]. - The effective period of the incentive plan is up to 54 months from the date of the first grant registration [6]. Group 2: Granting and Exercise Conditions - The waiting periods for the stock options are set at 12, 24, and 36 months [7]. - The exercise of stock options is subject to specific conditions, including the company's financial performance and the absence of certain disqualifying events [10][11]. - The exercise price for the stock options is set at 3.87 yuan per share [10]. Group 3: Performance Assessment - The performance assessment for the stock options will be conducted annually over three accounting years (2025-2027), focusing on revenue and net profit targets [12][13]. - Individual performance assessments will also be conducted, with results categorized into seven levels, affecting the number of options that can be exercised [13]. Group 4: Registration and Financial Impact - The stock options have been registered with the China Securities Depository and Clearing Corporation, with the registration completion date set for November 20, 2025 [14][15]. - The implementation of the incentive plan is expected to have an impact on the company's financial performance, with estimated costs calculated using the Black-Scholes model [16].

Core Viewpoint - The announcement details the completion of the stock option incentive plan for Hunan Keli Yuan New Energy Co., Ltd., including the number of options granted and the decision-making process involved in the plan [2][14]. Group 1: Stock Option Plan Details - The stock option reserve grant registration was completed on November 20, 2025 [2]. - A total of 5 million stock options were reserved for 12 individuals [2][9]. - The stock option grant date is set for October 23, 2025, with an exercise price of 3.87 yuan per share [9]. Group 2: Decision-Making Process - The board of directors approved the stock option incentive plan on April 21, 2025, after discussions in various meetings [3][4]. - The plan underwent a public disclosure period from April 22 to May 1, 2025, during which no objections were raised [3]. - The annual shareholders' meeting on May 20, 2025, also approved the plan [4]. Group 3: Terms and Conditions - The effective period of the stock options is up to 54 months from the completion of the initial grant registration [6]. - The waiting periods for the stock options are set at 12, 24, and 36 months [6]. - The exercise of options is subject to specific conditions, including company performance metrics and individual performance assessments [11][12]. Group 4: Financial Impact - The company will use the Black-Scholes model to calculate the fair value of the stock options, which will impact the company's financial performance [15]. - The estimated incentive costs from the stock option plan are expected to influence the company's operating results, while also potentially enhancing employee motivation and company value [16].