CECEP Solar Energy approves equity incentive plan adjustments, payments

CECEP Solar Energy (SZSE:000591) has announced a series of resolutions concerning its 2020 stock option incentive plan. The company's board and supervisors have approved the cancellation of certain granted but unexercised stock options, including 250,140 options related to the second exercise period and 785,265 options from terminated employees. Adjustments to exercise prices were also implemented, with the new exercise price set at 4.196 yuan per share. A total of 8,068,140 options are eligible for exercise in the third exercise period, commencing January 22, 2025, and payments will be made to the eligible 117 recipients. Furthermore, CECEP Solar Energy plans to invest approximately 9.2 million USD into distributed photovoltaic power generation projects in the Heilongjiang province.