Broad Ocean Motor announces exercise periods for two stock option plans

Zhongshan Broad Ocean Motor announced the second exercise period for its 2023 stock option incentive plan, with 923 eligible participants able to exercise 9,484,614 stock options at an adjusted price of 4.58 yuan per share. This exercise period runs from October 29, 2025, to July 16, 2026.

Separately, the company announced the third exercise period for its 2022 stock option incentive plan, involving 839 eligible participants exercising 11,111,640 stock options at an adjusted price of 3.69 yuan per share. This period is scheduled from October 29, 2025, to August 25, 2026. Both plans involve stock options sourced from private placement of A-shares.

The company confirmed that after full exercise for both plans, the equity distribution will continue to meet listing requirements. Adjustments to the exercise prices for both plans were made following a 2025 interim dividend distribution, as approved by the board of directors.

The 2023 plan will result in a capital increase of 9,484,614 shares, adding 33,954,918 yuan in capital reserve, while the 2022 plan will add 11,111,640 shares and 29,890,312 yuan to capital reserve. The company noted that the impact on earnings per share from these exercises will be minimal, with the proceeds being used to supplement working capital.