Kstar completes initial grant registration for 2025 stock option plan

Shenzhen Kstar Science And Technology announced the successful completion of the initial grant registration for its 2025 stock option incentive plan on October 29, 2025. This plan involves 474 participants receiving 6.4592 million stock options at an exercise price of 30.26 yuan per share, sourced from the company's ordinary A-shares. The incentive plan, with a maximum duration of 60 months, aims to align employee interests with the company’s long-term performance objectives.

The initial grant process involved several key approvals, including resolutions passed by the board of directors, supervisory board, and shareholders, which authorized adjustments to the incentive objects and granted quantities. The final count of incentive objects was adjusted from 476 to 474 individuals, and the number of options granted was revised from 6.4892 million to 6.4592 million, following two participants' relinquishment of their rights.

The incentive plan's financial impact is estimated to incur a total cost of 62.8727 million yuan, to be amortized over several years, with 6.6197 million yuan in 2025, 35.8468 million yuan in 2026, 14.8533 million yuan in 2027, and 5.5529 million yuan in 2028. The plan includes performance targets for each exercise period, with the first period requiring 2025 operating revenue of no less than 4.8 billion yuan or net profit of no less than 480 million yuan.