Aiko Solar finalizes registration for 2025 stock options

Shanghai Aiko Solar Energy announced the successful registration of 635,000 stock options under its 2025 Restricted Stock and Stock Option Incentive Plan. The registration was completed on October 22, 2025, following board approval on September 26, 2025. Nineteen core technical personnel will receive these options at an exercise price of RMB 9.09 per share.

The options will vest in three tranches: 50% after 12 months, 30% after 24 months, and 20% after 36 months from the grant date. The first tranche of 317,500 options will be sourced from the company's repurchased A-shares. The remaining 317,500 options for the second and third tranches will be issued through a targeted offering to the recipients.

The company estimates the total expense for these options to be RMB 419.96m over four years. This includes RMB 74.72m recognized in 2025, RMB 247.22m in 2026, RMB 76.41m in 2027, and RMB 21.61m in 2028.