Hundsun Technologies registers 2025 stock option grant for employees

Hundsun Technologies Inc. announced the successful completion of the registration for its 2025 stock option incentive plan, effective October 24, 2025. The plan grants a total of 15.11 million stock options, representing 0.80% of the company's total share capital, to 619 eligible employees. The grant date was September 18, 2025, with an exercise price of 37.98 yuan per option.

The incentive plan includes a three-tiered vesting schedule over three years, with 30% of options exercisable after 12 months, another 30% after 24 months, and the remaining 40% after 36 months, subject to performance targets. The company's performance targets require a minimum 10% net profit growth for 2025, 2026, and 2027, each based on the preceding year's net profit.

The total estimated cost for these options is 31.1417 million yuan, which will be expensed between 2025 and 2028. The company expects the highest expense of 14.3764 million yuan in 2026. This initiative is designed to motivate core management, technical, and business personnel, thereby enhancing operational efficiency and future growth.