Core Viewpoint - Shenzhen Great Wall Development Technology Co., Ltd. has announced the first exercise period for its 2022 stock option incentive plan, allowing 369 eligible participants to exercise a total of 11.47608 million stock options at a price of 10.94 CNY per share, effective from June 26, 2025, to June 25, 2026 [1][11]. Summary by Sections Incentive Plan Approval and Execution - The stock option incentive plan has been approved by the Shenzhen Stock Exchange and registered with the China Securities Depository and Clearing Corporation [2]. - The plan underwent necessary approval procedures, including independent opinions from the board of directors [2][3]. Adjustments to the Incentive Plan - The number of initial incentive participants was adjusted from 401 to 396 due to five employees leaving the company, resulting in a total grant adjustment from 46.8176 million to 46.5576 million options [5]. - The exercise price for the stock options was set at 10.94 CNY per share after adjustments [12][13]. Performance Conditions and Achievements - The first exercise period's performance conditions have been met, including a net asset cash return rate of 13.52%, exceeding the required 13.00% [9]. - The company has not faced any disqualifying events that would prevent the exercise of options [8][9]. Specifics of the Stock Option Exercise - A total of 11.47608 million stock options will be available for exercise, representing 0.74% of the company's total share capital [11]. - The exercise period is set from June 26, 2025, to June 25, 2026, with the exercise method being self-exercise [11]. Financial Impact and Fund Management - The exercise of stock options is not expected to significantly impact the company's financial status or earnings per share [14][16]. - Funds raised from the exercise will be used to supplement the company's working capital [16]. Tax and Compliance Arrangements - Participants are responsible for their personal income tax, which will be withheld and paid by the company [16]. - There have been no stock trading activities by participating directors or senior management in the six months prior to the announcement [17].

Core Viewpoint - The company has approved an adjustment to the exercise price of its stock option incentive plan due to the implementation of the 2024 annual equity distribution plan, ensuring compliance with relevant regulations and protecting shareholder interests [1][2]. Group 1 - The seventh meeting of the seventh supervisory board of the company was held on June 19, 2025, with all three supervisors present, meeting legal and procedural requirements [1]. - The supervisory board unanimously approved the proposal to adjust the exercise price of the 2022 stock option incentive plan from 1.52 yuan per share to 1.49 yuan per share [2]. - The adjustment of the exercise price is in accordance with the "Management Measures for Equity Incentives of Listed Companies" and falls within the authorization granted to the board of directors at the company's second extraordinary general meeting in 2022 [2].

Group 1 - The meeting of the third Supervisory Board of Ningbo Deye Technology Co., Ltd. was held on June 18, 2025, with all necessary legal requirements met for the quorum [1] - The Supervisory Board approved the proposal to adjust the exercise price and quantity of the 2022 stock option incentive plan, confirming that the adjustments do not harm the interests of the company and all shareholders [1] - The voting results showed 2 votes in favor, 0 votes against, 0 abstentions, and 1 recusal due to a related party [1] Group 2 - The announcement includes a reference to the detailed disclosure available on the Shanghai Stock Exchange website regarding the adjustments to the stock option incentive plan [2]

Group 1 - The company held its 20th meeting of the 8th Board of Directors on June 17, 2025, with all 8 directors present, complying with relevant laws and regulations [2][3] - The Board approved the cancellation of 14,667,240 stock options from the 2022 stock option incentive plan due to unmet performance targets for 2024, affecting 345 incentive recipients [3][12] - The Board also approved the adjustment of the exercise price for the 2023 stock option incentive plan from 9.73 CNY/share to 9.36 CNY/share [3][37] Group 2 - The company confirmed that the first exercise period conditions for the 2023 stock option incentive plan have been met, allowing 338 recipients to exercise a total of 15,946,000 stock options, representing 0.55% of the total share capital [45][46] - The company will cancel 243,900 stock options and 145,000 stock options from the 2023 plan due to non-compliance with incentive conditions [5][13] - The adjustments to the exercise price and the cancellation of stock options are in accordance with the company's incentive plan and relevant regulations [25][40]

Core Viewpoint - The company has announced adjustments to the exercise price of its 2022 stock option incentive plan and the grant price of its 2024 restricted stock incentive plan due to a dividend distribution, ensuring compliance with relevant regulations and maintaining shareholder interests [1][8][9] Summary by Relevant Sections 1. Adjustment Details - The exercise price for the 2022 stock option plan has been adjusted from 33.8141 CNY per share to 33.6273 CNY per share [1][8] - The grant price for the 2024 restricted stock plan has been adjusted from 25.94 CNY per share to 25.7532 CNY per share [1][8] 2. Approval Procedures - The company’s board and supervisory board have reviewed and approved the adjustments, confirming that all necessary internal procedures were followed [4][8][9] - Independent directors and the supervisory board have provided opinions affirming that the adjustments do not harm the interests of the company or its shareholders [8][9] 3. Impact of Adjustments - The adjustments are in accordance with the "Management Measures for Equity Incentives of Listed Companies" and will not have a substantial impact on the company's financial status or operational results [8][9] 4. Legal Opinions - The legal counsel has concluded that the adjustments have followed necessary internal decision-making processes and comply with relevant regulations, ensuring no detriment to the company or its shareholders [9]

Core Viewpoint - Shenzhen Great Wall Development Technology Co., Ltd. has announced the cancellation of part of its 2022 stock option incentive plan, specifically 4.09862 million stock options, which were granted but not exercised by certain incentive targets [1][6][7]. Summary by Relevant Sections Approval Procedures - The company held meetings on June 13, 2025, where the board and supervisory committee reviewed and approved various related proposals regarding the stock option incentive plan [1][2]. Adjustments to Incentive Plan - The initial number of incentive targets was adjusted from 401 to 396 due to five employees leaving the company. The total number of stock options granted was reduced from 46.8176 million to 46.5576 million, with the initial grant quantity adjusted from 38.12 million to 37.86 million [4][5]. Reasons for Cancellation - The cancellation of stock options was due to the failure of certain incentive targets to meet the exercise conditions, resulting in the cancellation of 2.97 million and 1.091 million stock options, respectively [6][7]. Impact on Company - The cancellation of stock options is in compliance with relevant regulations and will not have a significant impact on the company's financial status or operational results [6][7]. Opinions from Supervisory Board and Legal Counsel - The supervisory board has agreed that the cancellation is lawful and compliant with regulations, and it will not harm the interests of the company or its shareholders [6][7]. Legal counsel has confirmed that necessary approvals for the cancellation have been obtained [7].

Core Viewpoint - Shenzhen Great Wall Development Technology Co., Ltd. has successfully passed several resolutions regarding its 2022 stock option incentive plan, including the achievement of the first exercise conditions, adjustment of exercise prices, and cancellation of certain stock options [1][2][3] Group 1: Stock Option Incentive Plan - The first exercise conditions of the 2022 stock option incentive plan have been achieved, allowing eligible participants to exercise their options within the specified period [1] - The exercise price for the initial grant of the stock options has been adjusted to 10.94 yuan per share, while the reserved grant exercise price is set at 17.07 yuan per share [2] - A total of 4,098,620 stock options will be canceled as part of the incentive plan, with the cancellation process deemed legal and compliant with relevant regulations [2][3]

Group 1 - The company held its fifth meeting of the seventh supervisory board on June 4, 2025, via communication, with all five supervisors present [1] - The meeting approved the proposal to adjust the exercise price of the 2022 stock option incentive plan from 16.57 yuan per share to 16.347 yuan per share, with a unanimous vote of 5 in favor [2] - The supervisory board confirmed that the adjustment process was legal and compliant with relevant laws and regulations, ensuring no harm to the interests of the company and all shareholders [2]