Broad Ocean Motor board approves stock option plan resolutions

Zhongshan Broad Ocean Motor Co., Ltd. held its sixth meeting of the seventh board of directors on September 11, 2025, approving several resolutions related to its stock option incentive plans. The board unanimously passed the resolution for the first exercise period of the 2024 Stock Option Incentive Plan, with all 6 non-affiliated directors voting in favor. The company will publish the list of eligible participants for this period on the Juchao Information Network on September 12, 2025.

Additionally, the board approved the third exercise period for the 2022 Stock Option Incentive Plan and the second exercise period for the 2023 Stock Option Incentive Plan, both with 5 votes in favor from non-affiliated directors. Related announcements and participant lists for these plans will also be published on September 12, 2025, across major financial news outlets and the Juchao Information Network.

Furthermore, a resolution to cancel a portion of the 2023 Stock Option Incentive Plan was passed with 5 votes in favor. Affected directors, including Lu Chuping, Peng Hui, Liu Ziwen, and Liu Bo, recused themselves from voting on these related resolutions.