Great Power adjusts 2025 stock option plan, grants options to 312 recipients

Guangzhou Great Power Energy & Technology announced adjustments to its 2025 stock option incentive plan, reducing the number of incentive recipients from 319 to 312. This change follows the departure of one recipient, the voluntary waiver of four recipients, and two recipients being unable to open securities accounts. The company's board of directors, supervisory board, and shareholders’ meeting approved these adjustments, ensuring the overall plan parameters, including the total number of options and the reserved portion, remain unchanged.

On September 23, 2025, the company officially granted 14.6 million stock options to the 312 eligible recipients at an exercise price of 21.59 yuan per option. This grant represents approximately 2.90% of the company's total share capital of 50,334.34 million shares as of the announcement date of the draft plan. The board of directors confirmed that the grant conditions had been met.

The incentive plan, which covers the 2025-2026 fiscal years, includes performance targets such as operating revenue not less than 10.00 billion yuan for the first exercise period and a cumulative operating revenue of not less than 22.00 billion yuan for the second exercise period. The adjustment is not expected to materially impact the company's financial position or operating results.