Gelonghui, on December 11, announced that Guangzhou Tinci Materials Technology (002709.SZ) has released the draft for the 2024 Stock Options Incentive Plan, which intends to grant 15.1985 million stock options to the incentivized parties, accounting for 0.79% of the total share capital of 1,918.8251 million shares at the time the plan was announced.

Among them, 13.6485 million options will be granted initially, which accounts for approximately 89.80% of the total equity to be granted under this incentive plan, and approximately 0.71% of the company's total share capital of 1,918.8251 million shares at the time the draft was announced; 1.55 million options are reserved, accounting for approximately 10.20% of the total equity to be granted, and approximately 0.08% of the total share capital at the time of announcement.

The exercise price for the stock options granted in the first instance of this incentive plan is 16.74 yuan per option. The exercise price for the reserved stock options will be the same as that for the stock options granted initially.

The total number of incentivized parties to receive the stock options in this incentive plan is 901, including middle management personnel and key technical (business) staff who were employed by the company (including branches and subsidiaries) at the time this incentive plan was announced.

The validity period of this incentive plan is from the date of the initial grant of stock options until all the stock options granted to the incentivized parties are exercised or canceled, with a maximum period not exceeding 60 months.