Core Viewpoint - Shenzhen Keri Technology Co., Ltd. has completed the registration of stock options and restricted stock under its 2025 incentive plan, which aims to motivate core employees and align their interests with the company's performance [1][18]. Group 1: Stock Options - Stock option abbreviation: Keri JLC2 [1] - Stock option code: 037927 [1] - Total stock options registered: 1.1336 million [1] - Number of individuals registered for stock options: 96 [1] - Registration completion date: September 26, 2025 [1] - Exercise price for stock options: 12.63 yuan per share [1] - Stock options are sourced from the company's directed issuance of A-share common stock [1][4]. Group 2: Approval Process - On August 8, 2025, the company held a board meeting to approve the incentive plan and related proposals [2][3]. - The company conducted a public notice of the incentive objects from August 11 to August 20, 2025, with no objections received [2]. - A second extraordinary shareholders' meeting on August 25, 2025, approved the incentive plan [3]. Group 3: Performance Assessment - The stock options' exercise corresponds to performance assessment for the fiscal years 2025-2026, with specific revenue and net profit targets set [9][10]. - If the company fails to meet performance targets, the stock options for that period will be canceled [10]. Group 4: Restricted Stock - Total restricted stock registered: 566,800 shares [18][23]. - Number of individuals registered for restricted stock: 96 [18]. - Registration completion date for restricted stock: September 26, 2025 [18]. - Grant price for restricted stock: 8.42 yuan per share [18]. - Restricted stock is sourced from shares repurchased by the company in the secondary market [18][24]. Group 5: Financial Impact - The accounting treatment for stock options and restricted stock will follow relevant accounting standards, with costs recognized over the vesting period [14][41]. - The fair value of stock options and restricted stock will be calculated using the Black-Scholes model and other relevant parameters [15][42].