CATL announces stock option exercise for 2022 incentive plan

Contemporary Amperex Technology Co., Limited (CATL) announced on September 8, 2025, that the exercise conditions for the third period of its 2022 stock option and restricted stock incentive plan, covering both initial and reserved grants, have been met. The company's board of directors approved the processing of the exercise in accordance with the plan's regulations.

A total of 1,028,425 stock options are now exercisable at an adjusted price of CNY 278.90 per share. This includes 1,007,763 options from the initial grant and 20,662 options from the reserved grant. The stock options will be sourced from the company's A-share common stock to the incentive objects. The exercise will proceed via an autonomous exercise method.

The company's performance for the 2022-2024 period, as audited by Shu Lun Pan Certified Public Accountants (Special General Partnership), showed cumulative operating revenue of CNY 10,915.24 billion, surpassing the target of CNY 8,500 billion. The individual performance assessments for all 133 initial grantees and 3 reserved grantees met the required B or above rating, qualifying them for 100% exercise.