Core Points - The company has announced the first grant of stock options under the 2024 stock option incentive plan, with the first exercise period set from June 6, 2025, to June 5, 2026 [1] - A restriction on the exercise period is established from August 11, 2025, to August 25, 2025, during which all incentive recipients will be restricted from exercising their options [2] - The company will apply to the China Securities Depository and Clearing Corporation Limited Shanghai Branch for the relevant matters regarding the restriction on exercising options [2] Summary by Sections - **Stock Option Incentive Plan**: The company is implementing a stock option incentive plan for 2024, with the first exercise period defined [1] - **Exercise Restrictions**: A specific restriction period for exercising options has been set, limiting all recipients from exercising during this timeframe [2] - **Regulatory Compliance**: The company will ensure compliance with regulations by applying for necessary procedures related to the restriction on exercising options [2]