Kstar finalizes 2025 stock option incentive plan details

Shenzhen Kstar Science And Technology (SZSE:002518) announced the finalization of its 2025 stock option incentive plan, with a grant date of October 20, 2025. The company initially planned to grant 648.92m stock options to 476 incentive recipients. However, following the voluntary relinquishment by two participants, the final grant was adjusted to 645.92m stock options to 474 individuals, maintaining an exercise price of 30.26 yuan per share. This adjustment was approved by the board on October 20, 2025, and deemed within the scope of shareholder authorization.

The incentive plan's total cost is estimated at 6,287.27m yuan, to be amortized over several years, with significant portions in 2026 (3,584.68m yuan) and 2027 (1,485.33m yuan). The plan sets performance targets for 2025, 2025-2026, and 2025-2027, including cumulative operating revenues and net profits, which must be met for options to be exercised. These financial targets are not considered investor performance forecasts.

The incentive plan’s validity period is up to 60 months from the registration completion date. The first exercise period for initial grants covers 40% of the options after 12 months, with subsequent periods for 30% each after 24 and 36 months, respectively. The company confirmed that no participating directors or senior management traded company shares in the six months prior to the grant.