Broad Ocean Motor finalizes 2025 stock option grant registration

Zhongshan Broad Ocean Motor Co., Ltd. has announced the successful completion of the registration for its 2025 stock option incentive plan. The registration for the grant of 15,334,080 stock options, at an exercise price of 6.02 yuan per share, was finalized on November 11, 2025. This plan includes 693 eligible employees, comprising middle management and core personnel from the company and its subsidiaries. The granted options represent approximately 0.63% of the company's total share capital as of the draft plan's announcement date.

The stock options will become exercisable 12 months after the grant registration date and have a maximum term of 48 months. The incentive plan is structured with three exercise periods, requiring the company to meet specific performance targets related to average operating revenue or average net profit growth for 2025, 2026, and 2027, based on a 2022-2024 average. Individual performance assessments are also a prerequisite for employees to exercise their options.

The implementation of this plan is expected to enhance the company's long-term incentive mechanism, attract and retain outstanding talent, and align the interests of shareholders, the company, and its operators for sustained growth. The related costs will be expensed over the vesting period in accordance with accounting standards.