Aoshikang Technology unveils 2025 stock option incentive plan

Aoshikang Technology’s 2025 stock option incentive plan will grant 10.64m stock options, representing 3.35% of the company's total share capital. The initial grant comprises 8.52m options, with 2.12m options reserved for future grants. The exercise price for both initial and reserved options is set at CNY 28.30 per share. The plan's total duration will not exceed 48 months from the initial grant date.

The initial grant of stock options will have a 17-month waiting period, followed by two exercise periods over 24 months, with 50% exercisable in each period. The reserved options will have a 12-month waiting period, also followed by two exercise periods over 24 months, with 50% exercisable in each period. Performance targets for 2026 and 2027 are tied to operating revenue growth relative to 2025, with a 20% target and 15% trigger for 2026, and a 40% target and 30% trigger for 2027.

The incentive plan's estimated total cost is CNY 6,138.53, with expenses amortized over four years. A total of 69 employees, including directors, senior management, and core technical staff, are eligible for the incentive program. This includes four directors/senior managers.