OmniVision stock options vest, exercise method adjusted

OmniVision Group Co., Ltd., a subsidiary of Will Semiconductor, announced that the second exercise period for its 2023 first and second phase stock option incentive plans has met the exercise conditions. For the first phase, 716 eligible incentive recipients can exercise 2,561,099 stock options at an exercise price of 78.41 yuan per share. Additionally, the exercise method for the first phase has been adjusted from batch exercise to autonomous exercise.

Concurrently, 31 incentive recipients from the first phase and 147 from the second phase, who are no longer eligible due to resignation, will have their total of 170,414 and 529,800 unexercised stock options, respectively, canceled. The company's 2024 semiconductor design business revenue of 21.64 bn yuan exceeded the performance target, ensuring a 100% exercise ratio at the company level. Individual performance assessments for the eligible recipients were also rated B or higher.

The board of directors and the remuneration and assessment committee approved these changes. All necessary procedures for the adjustments comply with relevant regulations.