Zhengfan Technology (688596.SH) plans to launch 2026 stock options incentive plan

Zhitong Finance App News, Zhengfan Technology (688596.SH) disclosed the 2026 stock option incentive plan (draft), which plans to grant 5 million stock options to incentive recipients, accounting for about 1.57% of the company's total share capital when the draft incentive plan was announced. This award is a one-time grant with no reserved benefits. The total number of incentive recipients to be granted is 69, and the exercise price is 66.53 yuan/share.

The stock options granted under this equity incentive plan are divided into three exercise periods. The corresponding waiting period shall not be less than 18 months, 30 months, and 42 months from the date of grant, respectively, and the unlocking ratio is 30%, 30%, and 40%.

The assessment of this incentive plan is divided into company-level performance assessment and individual-level performance assessment. Among them, the company-level performance assessment year was the three fiscal years 2027-2029, with revenue of not less than 7 billion yuan in 2027 and no less than 3.5 billion yuan from semiconductor business revenue; 2028 revenue of not less than 8.4 billion yuan, from semiconductor business revenue of not less than 4.2 billion yuan; and 2029 revenue of not less than 10 billion yuan, and revenue from semiconductor business of not less than 5 billion yuan. Each fiscal year is assessed once, and the company-level exercise ratio is calculated based on the completion of the company's performance assessment indicators. If 80% or less of the performance indicators were actually completed during the assessment period, the viability coefficient was 0; for those that actually completed 80% to 100% of the performance indicators, the exercise coefficient was 0.8; for those that actually completed 100% or more of the performance indicators, the exercise coefficient was 1.0.