Ming Yang Energy grants stock options to key personnel

Ming Yang Smart Energy Group's remuneration and appraisal committee announced its approval of the 2025 stock option incentive plan, verifying the eligibility of 260 incentive recipients. The grant date is set for October 22, 2025, with an exercise price of 14.03 yuan per share for 20 million stock options.

The plan's beneficiaries include nine directors and senior management, who collectively received 1.53% of the total granted options, and 251 mid-to-senior level managers, core technical/business personnel, and other employees deemed crucial for the company's performance, who received 91.35%. This initiative aims to align employee interests with company growth and is expected to incur a total expense of 3,550.38 million yuan, amortized over three years.

The stock options have a maximum validity period of 36 months from the grant date, with two vesting periods, each for 50% of the options. The first vesting period begins 12 months after the grant date, and the second begins 24 months after.