Jiangsu Shemar Electric awards stock options, closes fundraising accounts

Jiangsu Shemar Electric has announced the initial grant results of its 2025 stock option incentive plan, with 7,795,300 stock options granted to 61 eligible employees at an exercise price of CNY 26.47 per share. The registration date for this grant was September 11, 2025, following board approval on August 19, 2025. The total fair value of these options is estimated at CNY 33,870,600, calculated using the Black-Scholes model, and will be expensed over a maximum 60-month vesting period.

Concurrently, the company is optimizing its financial management by closing specific fundraising accounts. On September 12, 2025, Jiangsu Shemar Electric announced the cancellation of a special fundraising account at China Merchants Bank, Shanghai Tianshan Sub-branch, deemed no longer necessary for company operations.

These actions align with the company's commitment to enhancing employee incentives and streamlining its financial operations.