Broad Ocean Motor finalizes incentive plan, updates on share repurchases

Zhongshan Broad Ocean Motor Co., Ltd. announced the finalization of its 2025 equity incentive plan, encompassing both stock option and stock appreciation rights plans. The Board's Remuneration and Assessment Committee confirmed the eligibility of all proposed recipients after a public公示 period from August 22 to September 1, 2025, during which no objections were received. The eligible individuals, including middle management, core technical/business personnel, and other employees, were verified to meet legal and company charter requirements.

Concurrently, the company provided an update on its share repurchase program, which commenced on January 13, 2025. As of August 31, 2025, Zhongshan Broad Ocean Motor has repurchased 11,171,000 shares, representing 0.46% of its total share capital. The repurchases were executed via concentrated bidding at prices between CNY 5.27 and CNY 6.95 per share, totaling CNY 68,328,321 (excluding transaction fees).

The repurchase program, funded by the company's own capital and a dedicated stock repurchase loan, is in line with the initial resolution to repurchase shares worth between CNY 120,000,000 and CNY 200,000,000. Following a dividend distribution in 2024, the maximum repurchase price per share was adjusted from CNY 7 to CNY 6.87.