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SHANGHAI - Ming Yang Smart Energy Group Limited (GDR:MYSE) has completed the registration process for its 2025 Stock Option Incentive Plan, according to a company statement released Monday.
The Chinese renewable energy company registered 19.95 million stock options for 259 recipients, slightly down from the initially planned 20 million options for 260 recipients after one participant voluntarily withdrew from the program.
The stock options were granted on October 22, 2025, with an exercise price of RMB14.03 per unit. The plan will source shares from A-share common stocks issued through targeted issuance to incentive recipients.
The incentive plan has a maximum duration of 36 months from the grant date and includes two exercise periods. Recipients may exercise 50% of their options between 12-24 months after the grant date, with the remaining 50% exercisable between 24-36 months after grant.
Among the recipients, nine are directors and senior officers who collectively received 173,000 options, representing 8.67% of the total granted options. The remaining 1.822 million options went to 250 middle and senior officers and core technical staff.
The company stated that the plan excludes shareholders or actual controllers who hold more than 5% of the company’s shares, as well as their immediate family members.
Ming Yang Smart Energy noted that while the incentive plan will impact its financial statements during the validity period, the company expects the performance improvements resulting from increased management enthusiasm and operational efficiency to "significantly exceed the increased cost."
The plan was approved by the company’s board on September 25, 2025, and subsequently by shareholders at an extraordinary meeting on October 20, 2025, according to the press release statement.
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