Will Semiconductor grants stock options under 2025 plan

Will Semiconductor Shanghai (SSE:603501) announced the granting of 20,000,000 stock options to 3,444 eligible participants under its 2025 Stock Option Incentive Plan, with an exercise price of CNY 139.29 per share, effective March 31, 2025. The options vest over three years (30%, 35%, 35%) following a 12-month waiting period. Successful exercise is conditional upon the company meeting pre-defined performance targets for fiscal years 2025-2027, measured by semiconductor design business revenue. Revenue targets must achieve thresholds ranging from CNY 22.7 billion to CNY 26.8 billion across the vesting periods. The incentive plan, valid for 48 months, could generate a total of CNY 29,587.90 in expenses, to be amortized across fiscal years 2025-2028.