Zhejiang Shuanghuan Driveline announces third stock option exercise period

Zhejiang Shuanghuan Driveline Mechanical Co., Ltd. has confirmed the third exercise period for stock options reserved under its 2022 incentive plan. A total of 52 eligible recipients will be able to exercise 214,650 stock options at an exercise price of CNY 16.167 per share. The actual exercise period is set to run from November 10, 2025, to October 16, 2026, using a self-exercising model.

The company met the performance target for the 2024 assessment year, with a net profit attributable to parent company shareholders of CNY 1,038,010,311.32 (excluding share-based payment expenses). This represents an achievement rate of 109.26%, leading to a 100% exercise ratio at the company level. Individual performance assessments also confirmed eligibility, with 49 recipients achieving an "excellent" or "good" rating (100% exercise) and 3 recipients achieving a "qualified" rating (80% exercise).

The full exercise of these options would increase the company's total share capital by 214,650 shares, bringing the total to 849,792,092 shares. This adjustment is not expected to significantly impact the company's equity structure, actual control, or its listing status. The capital raised from this exercise will be used to supplement the company's working capital.