Unigroup Guoxin Microelectronics proposes 2025 stock option plan, revises governance

Unigroup Guoxin Microelectronics announced its 2025 stock option incentive plan, proposing to grant 16.80 million stock options, representing 1.98% of its total share capital. The initial grant comprises 15.6014 million options, with 1.1986 million options reserved for future grants, at an exercise price of RMB 66.61 per option. The plan covers 466 individuals, including directors, senior management, core management, and key personnel, but excludes independent directors, supervisors, and major shareholders. Options vest over four periods (20%, 30%, 30%, 20%) after 12, 24, 36, and 48 months from the grant date, with performance targets tied to net profit growth.

Concurrently, the company announced significant revisions to its Articles of Association, including the dissolution of the Supervisory Board, with its functions now exercised by the Board of Directors' Audit Committee. The Board also approved an increase in its size from seven to nine directors, with two new non-independent directors, Ma Ninghui and Wu Rui, proposed for election. Additionally, the company appointed Tong Xiaodan as the new board secretary. These changes, aimed at optimizing governance and enhancing long-term development, will be subject to shareholder approval at the third extraordinary general meeting on October 20, 2025.