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BEIJING - Ming Yang Smart Energy Group Limited (GDR:MYSE) announced on Wednesday it has granted 20 million stock options to 260 employees as part of its 2025 Stock Option Incentive Plan.
The company’s board of directors approved the grant during its 25th meeting, setting October 22, 2025, as the authorization date. The exercise price is set at RMB14.03 per unit, according to a company press release.
The options will be exercisable in two equal tranches, with the first exercise period beginning 12 months after the grant date and the second starting 24 months after the grant. Each exercise period will last for 12 months.
Nine directors and senior officers will receive a combined 1.73 million options, while the remaining 18.27 million options will be distributed among 251 middle and senior officers and core technical staff.
The company stated that the incentive recipients do not include shareholders or actual controllers who hold more than 5% of the company’s shares, nor their immediate family members.
Ming Yang Smart Energy estimates that the total expense to be amortized from the stock option grants will be approximately RMB35.5 million ($5.5 million), to be recognized over the vesting period through 2027.
The incentive plan was previously approved at the company’s third extraordinary shareholders’ meeting on October 20, 2025, following a public announcement period for the list of recipients from September 29 to October 10.
The company noted that while the cost amortization will impact net profit during the validity period, it expects the performance improvements resulting from increased employee motivation will "significantly exceed the increased cost."
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