Shemar Electric grants stock options amid share volatility

Jiangsu Shemar Electric's stock experienced abnormal fluctuations with its daily closing price deviation exceeding 20% over three consecutive trading days from October 10-14, 2025. The company confirmed normal operations and no undisclosed major events beyond those already published, including an ongoing share buyback program. As of September 30, 2025, it had repurchased 7,977,424 shares, representing 1.8480% of total capital, for a total of 236,666,368.07 yuan.

The company also announced a pre-allotment of 385,900 stock options to 12 core technical and management personnel on October 13, 2025. The exercise price is 26.47 yuan per share, and the total value of these options is estimated at 4,761,600 yuan. This grant is part of the 2025 stock option incentive plan, approved by the board and shareholders, and aims to incentivize key employees. The company is also planning investments in Vietnam and Romania.

The stock options will vest over three periods: 30% after 12 months, 30% after 24 months, and 40% after 36 months. Vesting is subject to company and individual performance targets, including a 2025 net profit target of at least 410,000,000 yuan.