Core Viewpoint - Jiangsu Gongchuang Artificial Turf Co., Ltd. is adjusting its stock option exercise price and repurchase price for restricted stocks, along with the cancellation of certain stock options and the conditions for the first exercise period and the first lifting of restrictions [3][11]. Summary by Sections Legal Framework - The adjustments are based on the Company Law, Securities Law, and relevant regulations from the China Securities Regulatory Commission [2][3]. Approval Process - On July 8, 2024, the company held its third board meeting to approve the 2024 long-term incentive plan and related proposals, which were compliant with the regulations [4][6]. - The supervisory board also approved the incentive plan on the same day, confirming the legality of the proposed incentive objects [5][6]. Stock Option and Restricted Stock Details - On July 26, 2024, the company granted stock options totaling 3.359 million shares at an exercise price of 16.68 yuan per share and 1.446 million restricted stocks at a price of 9.81 yuan per share [8][9]. Adjustments to Prices - The exercise price for stock options was adjusted to 16.04 yuan per share after accounting for a cash dividend of 0.64 yuan per share [12]. - The repurchase price for restricted stocks was adjusted to 9.17 yuan per share, also considering the cash dividend [12]. Repurchase and Cancellation - The company will cancel 12,000 stock options due to the departure of certain incentive objects and will repurchase 835 restricted stocks and 31,527 stock options due to unmet performance conditions [13]. Conditions for Exercise and Lifting of Restrictions - The first exercise period for stock options is set from August 8, 2025, to the last trading day within 24 months from the grant date [15]. - The conditions for lifting restrictions on the first batch of restricted stocks have been met, with 113 incentive objects eligible to exercise options for 921,873 shares and 13 objects eligible to lift restrictions on 432,965 shares [23]. Conclusion - The adjustments, repurchases, and cancellations have received the necessary approvals and are in compliance with relevant regulations, with the company required to fulfill subsequent disclosure obligations [24].

Core Viewpoint - The company announced the repurchase and cancellation of certain restricted stocks and stock options as part of its stock incentive plan, indicating adjustments due to performance and employee turnover [1][7]. Group 1: Repurchase and Cancellation Details - The number of restricted stocks repurchased is 835 shares at a price of 9.17 yuan per share, totaling 7,656.95 yuan [1][7]. - A total of 43,527 stock options will be canceled due to various reasons, including employee departures and unmet performance targets [1][7][9]. Group 2: Incentive Plan Procedures - The company’s board approved the repurchase and cancellation measures during its ninth board meeting, following the necessary decision-making processes and disclosures [1][6]. - The monitoring committee verified the compliance of the incentive plan and the repurchase actions, confirming that they do not harm the interests of shareholders [9][10]. Group 3: Impact on Share Capital Structure - After the repurchase and cancellation, the company’s share capital structure will change, with restricted shares decreasing from 1,552,000 to 1,551,165, while unrestricted shares remain at 400,090,000 [8][9]. Group 4: Legal and Compliance Opinions - The legal opinion confirms that the repurchase and cancellation actions comply with relevant regulations and that the necessary authorizations have been obtained [10].

Core Viewpoint - The announcement details the first grant of stock options and restricted stock under the 2024 incentive plan, highlighting the conditions for exercising options and lifting restrictions on shares for eligible participants. Group 1: Incentive Plan Overview - The 2024 stock option and restricted stock incentive plan has been approved and implemented, with the first grant of stock options and restricted stocks taking place on July 26, 2024, and September 27, 2024, respectively [1][7] - A total of 113 individuals are eligible for the first exercise period of stock options, with a total of 921,873 shares available for exercise [11][15] - For the first lifting of restrictions, 13 individuals are eligible, with a total of 432,965 shares available for release [11][15] Group 2: Conditions for Exercise and Lifting Restrictions - The first exercise period for stock options lasts from 12 months after the grant date until 24 months after the grant date, while the first lifting of restrictions for restricted stocks follows a similar timeline [7][11] - Specific performance targets must be met for both company-level and individual-level assessments to qualify for exercising options and lifting restrictions [10][11] - The company has set revenue and net profit growth targets for 2024, with a required increase of 73% and 52% respectively compared to 2023 [10] Group 3: Administrative Procedures - The company has completed the necessary registration procedures for the stock options and restricted stocks, obtaining the required documentation from the China Securities Depository and Clearing Corporation [3][5] - The board of directors and the supervisory committee have verified the eligibility of participants and the conditions for exercising options and lifting restrictions [15][16] - The company will handle the subsequent administrative tasks related to the lifting of restrictions and the exercise of options in accordance with regulatory requirements [16]

Core Viewpoint - The company has announced adjustments to the stock option exercise price and the repurchase price of restricted stock under its 2024 stock option and restricted stock incentive plan, following the approval of its board of directors [1][8]. Group 1: Decision Process and Disclosure - The company held its third board meeting on July 29, 2025, where it approved the adjustments to the stock option exercise price and repurchase price [1]. - The incentive plan has undergone necessary decision-making procedures and information disclosures, including verification by the supervisory board [2][3]. Group 2: Adjustments to Prices - The adjustment of the stock option exercise price is calculated as follows: P = P0 - V, where P0 is the original exercise price, and V is the cash dividend per share. The new exercise price is set at 16.04 yuan per share after a dividend adjustment [7][8]. - The repurchase price for restricted stock is similarly adjusted to 9.17 yuan per share, following the same formula [8]. Group 3: Impact and Compliance - The adjustments are in compliance with the relevant regulations and will not materially affect the company's financial status or operating results [8]. - The supervisory board has confirmed that the adjustments do not harm the interests of shareholders and are within the authorized scope of the second extraordinary general meeting of 2024 [8][9]. Group 4: Legal Opinions - The legal opinion from Beijing Dacheng (Nanjing) Law Firm confirms that the adjustments and related actions have received necessary authorizations and comply with applicable regulations [9].

Core Viewpoint - Jiangsu Gongchuang Artificial Turf Co., Ltd. has announced the implementation of a stock option and restricted stock incentive plan for 2024, allowing for the first exercise period to adopt a self-exercise model [1][3]. Summary by Sections Incentive Plan Details - The stock option incentive plan was approved during the third board meeting on July 29, 2025, following the authorization from the second extraordinary general meeting of shareholders in 2024 [1]. - The first exercise period for the stock options will be from July 28, 2025, to 2026 [1]. - The total number of stock options available for exercise is 921,873 [1]. - The number of eligible participants for the exercise is 113 [1]. - The adjusted exercise price is set at 16.04 yuan per option [1]. - The stock will be sourced from the issuance of A-shares to the incentive participants [1]. Exercise Conditions - The exercise of options can only occur on trading days and is restricted during specific periods, including 15 days prior to the announcement of annual and semi-annual reports, and 5 days prior to quarterly reports [2]. - The company will disclose changes in incentive participants, adjustments to important parameters of stock options, and the status of self-exercise in regular or temporary reports [2]. Participant Information - The eligible participants include middle management and key technical (business) personnel, with the total number of options representing 27.44% of the total options granted and 0.23% of the total share capital [2].

Group 1 - The company held its third board meeting on July 29, 2025, with all seven directors present, and the meeting was conducted in accordance with relevant laws and regulations [1] - The board approved the adjustment of the stock option exercise price to 16.04 yuan per share and the repurchase price of restricted stock to 9.17 yuan per share, following the completion of the 2024 equity distribution on June 6, 2025 [2] - The board also approved the repurchase and cancellation of certain restricted stocks and stock options due to the disqualification of some incentive targets resulting from resignation or unmet performance targets [3] Group 2 - The company confirmed that the conditions for the first exercise period and the first release period of the stock option incentive plan have been met, allowing 113 eligible incentive targets to proceed with the exercise of stock options and the release of restricted stocks totaling 432,965 shares [3][4]

Core Viewpoint - The company, Jiangsu Gongchuang Artificial Turf Co., Ltd., has made adjustments to its stock option and restricted stock repurchase prices as part of its 2024 incentive plan, ensuring compliance with relevant regulations and protecting shareholder interests [2][3]. Group 1: Meeting Details - The third meeting of the third Supervisory Board was held on July 29, 2025, with all three supervisors present, and the meeting was deemed legally valid [2]. - The meeting was chaired by Mr. Yang Bo, and Mr. Jiang Shiyi, the Vice President and CFO, attended as a guest [2]. Group 2: Adjustments to Incentive Plan - The stock option exercise price was adjusted to 16.04 yuan per share, and the repurchase price for restricted stock was set at 9.17 yuan per share following the completion of the 2024 equity distribution on June 6, 2025 [2][3]. - The adjustments were made in accordance with the company's incentive plan and relevant laws, with no detriment to shareholder interests [3]. Group 3: Stock Repurchase and Cancellation - The Supervisory Board approved the repurchase and cancellation of restricted stocks and stock options for employees who no longer qualify as incentive targets due to resignation or unmet performance targets [3]. - The procedures for the cancellation and repurchase were deemed legal and compliant, with no significant impact on the company's operational performance [3]. Group 4: Conditions for Stock Options - The conditions for the first exercise period and the first release period of the incentive plan have been met, allowing for the exercise of stock options and the release of restricted stocks for 113 eligible incentive targets [4]. - A total of 432,965 shares of restricted stock will be released, and the actions taken are in accordance with the incentive plan [4].

Group 1 - The company announced the approval of multiple proposals during the ninth meeting of the third supervisory board, including adjustments to the stock option and restricted stock incentive plan for 2024 [2] - The proposals include changes to the exercise price of stock options and the repurchase price of restricted stocks [2] - This announcement indicates the company's ongoing efforts to align its incentive plans with market conditions and shareholder interests [2]

Core Viewpoint - The company announced the approval of multiple proposals during the ninth meeting of its third board of directors, including adjustments to the stock option exercise price and the repurchase price of restricted stock for the 2024 incentive plan [2] Group 1 - The company has adjusted the exercise price of stock options as part of its incentive plan for 2024 [2] - The board meeting also included the approval of the repurchase price for restricted stock [2]

Group 1 - The company, Gongchuang Turf, announced the convening of its third board meeting on July 29, 2025, via communication methods to discuss the proposal regarding the repurchase and cancellation of certain restricted stocks and stock options under the 2024 stock option and restricted stock incentive plan [2] - For the fiscal year 2024, Gongchuang Turf's revenue composition is as follows: artificial turf accounts for 99.42% and other businesses account for 0.58% [2]