Shanghai Liangxin Electrical adjusts stock option plan for employees

Shanghai Liangxin Electrical announced on December 25, 2025, that its board of directors approved adjustments to the 2025 "Strivers No. 3" Stock Option Incentive Plan.

The company revised the list of incentive recipients after 68 individuals forfeited their options, resulting in 318 eligible participants, down from 386. Despite this reduction, the total number of granted stock options remains unchanged at 7.76 million shares.

The board approved the grant of these 7.76 million stock options to the 318 recipients, with an exercise price of CNY 8.22 per share. The authorization date for this grant was December 24, 2025.

The incentive plan's total fair value is estimated at CNY 18.3912 million, which will be expensed over three years: CNY 1.1107 million in 2025, CNY 12.6391 million in 2026, and CNY 4.6415 million in 2027. This adjustment is not expected to materially impact the company’s financial condition or operating results.