Core Viewpoint - Shenzhen Laisai Intelligent Control Co., Ltd. has completed the initial registration of stock options under the 2025 stock option and restricted stock incentive plan, which aims to motivate employees and align their interests with the company's performance [1][2][3] Summary by Sections Approval Procedures - On May 16, 2025, the company's board and supervisory board approved the incentive plan and related management measures [2][3] - The list of incentive recipients was publicly announced from May 19 to May 29, 2025, with no objections received [2] - The first extraordinary general meeting of shareholders approved the incentive plan on June 3, 2025 [3] Initial Grant Details - The initial grant date for stock options was June 11, 2025, with registration completed by June 24, 2025 [4] - A total of 4.863 million stock options were granted to 266 recipients, with an adjusted exercise price of 50.28 yuan per share [4][5] Stock Option Distribution - The total stock options granted under the plan amount to 6 million, with 4.863 million granted initially, representing 1.58% of the company's total share capital at the time of the plan announcement [4][5] - The reserved portion of stock options is 1.137 million, accounting for 0.37% of the total share capital [4][5] Exercise Conditions - The stock options can be exercised starting 12 months after the grant date, with specific conditions outlined for each exercise period [6][7] - The exercise conditions include company performance metrics such as revenue and net profit growth rates, with specific targets set for the years 2025 to 2027 [9][10] Financial Impact - The estimated cost of the stock option incentive plan is approximately 25.3362 million yuan, which will be amortized over the years 2025 to 2028 [14] - The plan is expected to have a positive impact on the company's long-term performance by enhancing employee motivation and operational efficiency [14]