Summary by Moomoo AI
Ganfeng Lithium announced that the execution conditions of the third exercise period of its 2021 stock option incentive plan have been achieved and will be exercised from June 7, 2024 to June 6, 2025. The plan was originally scheduled to grant stock options on June 7, 2021, but due to personal reasons, 12 incentive targets resigned, and the company canceled their incentive qualifications and adjusted the number of incentive targets from 388 to 376. The current valid stock options amount to 10.3243 million shares, of which 5.16215 million stock options will be exercised by 376 incentive targets. The growth rate of net income in 2023 reached 620.75%, exceeding the performance assessment target of the third exercise period. Performance commitments of incentive targets' sectors or subsidiaries have also been fulfilled and meet the performance assessment requirements. The board of supervisors has reviewed and agreed to handle the relevant matters of execution. The company's Chinese legal adviser has also confirmed that this execution is in compliance with relevant regulations and has obtained the necessary approval and authorization.
