Supor optimizes structure, launches stock option plan for key employees

Zhejiang Supor Co., Ltd. is transferring 75% equity of Wuhan Supor Cookware Co., Ltd. from its wholly-owned subsidiary, Wuhan Supor Pressure Cooker Co., Ltd., to the parent company. This internal asset transfer, effective August 31, 2025, valued at CNY 38,682 million (book value of net assets), aims to optimize management structure and internal efficiency. The transaction does not involve cash payment and will not alter the company's consolidated financial statements or capital.

Supor also announced a new stock option incentive plan. The company will grant 1.026 million stock options to 56 eligible employees, including senior management and core technical staff, at an exercise price of CNY 38.82 per share. The options will vest over two periods, 24 and 36 months from the September 26, 2025 authorization date, contingent on achieving specific company-level and business unit performance targets.

This equity transfer and the new incentive plan, approved by the board and shareholders, are designed to enhance the company's operational efficiency and align employee interests with long-term growth. The financial impact of the stock options, estimated at CNY 916.22 million in total over the vesting period, is expected to positively influence management and operational performance.