Double medical employees exercise first tranche of stock options

Double Medical Technology Co., Ltd. announced that 643 incentive participants have exercised stock options for 2,155,900 shares, representing 0.52% of the company's total share capital of 414,019,506 shares. The exercise price per share, adjusted for a dividend distribution, is CNY 23.39. These shares are scheduled to be listed for trading on November 7, 2025. The total amount received from the exercise of options is CNY 50,426,501.00.

The exercised shares originated from the company's repurchased A-share ordinary shares. Following this exercise, the company's total share capital remains unchanged, but its treasury stock will decrease by 2,155,900 shares. The funds generated from the exercise will be deposited into a dedicated account and used to supplement the company's working capital.

The first exercise period’s conditions were met based on the 2024 net profit, after deducting non-recurring gains and losses and the impact of equity incentive share-based payment expenses, totaling CNY 293,800,943.38, which exceeded the target of CNY 250 million. Certain individuals who left the company or failed to meet performance criteria had their options cancelled.