GoerTek finalizes 2025 stock option grant for thousands of employees

GoerTek Co., Ltd. has completed the grant registration for its 2025 stock option incentive plan, with the registration date confirmed as November 19, 2025. The plan grants a total of 58,068,320 stock options to 5,943 employees, including key management and business personnel of the company and its subsidiaries. The options have an exercise price of CNY 22.06 per share, adjusted from CNY 22.21 following a mid-2025 profit distribution.

The total theoretical value of the 58,068,320 stock options, calculated using the Black-Scholes model based on the October 20, 2025 grant date, is CNY 513,614,300. This cost will be amortized over the 36-month vesting period. The amortization schedule indicates expenses of CNY 74,012,900 in 2025, CNY 332,481,500 in 2026, and CNY 107,119,900 in 2027.

The incentive plan includes performance conditions for exercise, such as company-wide revenue and net profit growth targets for 2025 and 2026, alongside individual performance assessments. The first exercise period covers 50% of the options after 12 months, and the second 50% after 24 months, both subject to achieving specific performance goals.