EGing Photovoltaic Technology (600537.SH): Termination of the implementation of the 2022 Stock Options and Restricted Stock Incentive Plan.

Gelonghui Finance · Dec 31, 2024 03:29

On December 31, GELONGHUI reported that EGing Photovoltaic Technology (600537.SH) announced that since the implementation of this incentive plan, factors such as macroeconomic conditions, market environment, and industry landscape have been constantly changing. In recent years, the expansion of capacity in the photovoltaic industry has accelerated, leading to a temporary mismatch between capacity and market demand, resulting in a decline in the overall gross profit and profitability of the industry. The company's performance assessment targets for the incentive plan from 2022 to 2025 were formulated based on the market environment at that time, but the original performance assessment targets have become outdated in the current market conditions. By the end of the third quarter of 2024, the company achieved a revenue of 2.709 billion yuan, a net loss attributable to shareholders of the listed company of -0.572 billion yuan, and a shipment volume of 2.8 GW. Based on the company's performance indicators for the first three quarters of 2024, it is difficult for the related performance indicators to meet the triggering values for the company-level performance assessment indicators corresponding to this incentive plan for 2024. Moreover, if the current market environment does not improve quickly, the company expects that it will still be difficult to meet the triggering values for the company-level performance assessment indicators corresponding to this incentive plan for 2025. Continuing with this incentive plan will not achieve the expected motivational purposes and effects, which is not conducive to fully mobilizing the work enthusiasm of the incentive targets. To effectively motivate employees, considering the company's actual operating conditions and future strategic development, the company has decided, after careful study, to terminate the implementation of the 2022 stock options and restricted stock incentive plan and to repurchase and cancel the restricted stocks that have been granted but are still subject to sales restrictions, as well as to cancel the options that have been granted but not yet exercised. The documents associated with the implementation of the 2022 stock options and restricted stock incentive plan, such as the "2022 Stock Options and Restricted Stock Incentive Plan Implementation Assessment Management Measures", will also be terminated.

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亿晶光电(600537.SH)：终止实施2022年股票期权与限制性股票激励计划

EGing Photovoltaic Technology (600537.SH): Termination of the implementation of the 2022 Stock Options and Restricted Stock Incentive Plan.

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