SG Micro Corp approves first self-exercising stock option period

SG Micro Corp (SZSE:300661) announced that the first exercise period for the reserved grant portion of its 2023 stock option incentive plan will adopt a self-exercising mode. A total of 460 eligible incentive recipients can exercise 576,147 stock options at a price of CNY 44.46 per share. This exercise period spans from September 15, 2025, to August 28, 2026.

The company confirmed that all conditions for this first exercise period have been met. The waiting period concluded on August 28, 2025. SG Micro Corp reported its 2024 operating income as CNY 3.347 billion, leading to a 100% company-level exercise ratio. Individual performance assessments also showed favorable results, with 458 out of 460 participants achieving "good" or above ratings, corresponding to a 1.0 individual exercise ratio. The remaining two participants with a "qualified" rating will have their unexercisable options canceled.

The potential full exercise of these options would increase the company's total share capital by 576,147 shares, with a minor impact on 2025 half-year basic earnings per share. Proceeds from the exercise will be allocated to supplement the company's working capital. SG Micro Corp's equity structure and listing eligibility remain unchanged, and the self-exercising mode does not affect stock option valuation or accounting.