Ecovacs Robotics opens first stock option exercise period

Ecovacs Robotics Co., Ltd. has announced the commencement of the first exercise period for stock options granted under its 2024 stock option and restricted stock incentive plan. A total of 873 incentive participants are eligible to exercise 2,961,250 stock options, representing 0.5138% of the company's total share capital. The exercise price per option is 31.86 yuan.

The exercise period for these options runs from September 20, 2025, to September 19, 2026. Shares acquired through the exercise will be listed for trading on the second trading day following the exercise date. The company confirmed that all conditions for the first exercise period have been met, including company-level performance targets (2024 revenue growth of 6.71% over 2023) and individual performance assessments.

The stock options were initially granted on September 20, 2024. The board's compensation and assessment committee reviewed and approved the list of eligible incentive participants. This move aligns with the company's commitment to its incentive plan, designed to motivate key personnel.