Securities code: 300548 securities abbreviation: Broadex Technologies Co.Ltd(300548) Announcement No.: 2021-124 Broadex Technologies Co.Ltd(300548)
Suggestive announcement on the adoption of independent exercise mode in the second exercise period reserved for granting stock options in 2018 stock option and restricted stock incentive plan
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and there are no false records, misleading statements or major omissions.
Special tips:
1. Stock options reserved for grant in the company’s 2018 stock option and restricted stock incentive plan: Bochuang jlc2, option Code: 036393.
2. This time, there are 23 incentive objects who meet the exercise conditions reserved for the second exercise period of stock options under the 2018 stock option and restricted stock incentive plan, and the number of stock options exercisable is 90720, accounting for 0.0522% of the current total share capital of the company.
3. This stock option adopts the independent exercise mode.
4. If all the exercisable stock options are exercised this time, the equity distribution of the company still meets the listing conditions.
Broadex Technologies Co.Ltd(300548) (hereinafter referred to as “the company”) deliberated and adopted the proposal on the achievement of the conditions reserved for the second phase of the 2018 stock option and restricted stock incentive plan at the 10th meeting of the 5th board of directors and the 10th meeting of the 5th board of supervisors held on December 8, 2021 。 According to the relevant authorization of the company’s second extraordinary general meeting in 2018, the board of directors of the company handled the matters related to the exercise of the second exercise period of stock options reserved and granted in the 2018 stock option and restricted stock incentive plan in accordance with relevant regulations. As of the date of disclosure of this announcement, the independent exercise has been reviewed and approved by Shenzhen Stock Exchange, and the company has completed the registration and declaration of independent exercise in Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. The specific arrangements for this independent exercise are as follows:
1、 The specific exercise arrangements for the second exercise period of stock options granted are reserved in the 2018 stock option and restricted stock incentive plan
1. Option abbreviation: Bochuang jlc2, option Code: 036393.
2. Stock source: the company’s A-share common stock issued by the company to the incentive object.
3. The exercisable incentive object is 23 people.
4. The exercise price of this exercisable stock option is 30.522 yuan / share.
5. The number of exercisable stock options this time is 90720, accounting for 0.0522% of the company’s total share capital. 6. The number of incentive objects and exercisable options is as follows:
Position the proportion of the number of exercisable shares in the current total share capital of the company
Core technical / business personnel (including holding subsidiaries)
90,7200.0522%
(23 persons)
7. Exercise method
(1) This stock option adopts the independent exercise mode. The incentive objects of the company can independently apply for exercise through the Citic Securities Company Limited(600030) independent exercise system of the selected contractor securities company within the specified validity period. (2) the exercise period is from December 9, 2021 to December 8, 2022 (according to the trading date and the handling of exercise procedures, the actual exercise period is from December 17, 2021 to December 8, 2022). (3) if the company has matters such as dividend distribution, capital reserve conversion to share capital, stock dividend distribution, stock subdivision, allotment or reduction of shares before exercise, the price and quantity of stock options will be adjusted accordingly.
8. Vesting date
The exercise date must be a trading day, but may not be exercised within the following periods:
(1) Within 30 days before the announcement of the company’s periodic report, if the announcement date of the periodic report is delayed due to special reasons, it shall be calculated from 30 days before the original scheduled announcement date to 1 day before the announcement;
(2) Within 10 days before the announcement of the company’s performance forecast and performance express;
(3) From the date of major events that may have a great impact on the trading price of the company’s shares and their derivatives or the date of entering the decision-making process to 2 trading days after disclosure according to law;
(4) Other periods prescribed by the CSRC and Shenzhen Stock Exchange.
9. Treatment of unqualified stock options
If the incentive object meets the exercise conditions, it must exercise within the exercise period specified in the plan. The stock options that are not exercised or not fully exercised within the exercise period shall not be transferred to the next exercise period. This part of the stock options shall automatically become invalid and shall be cancelled by the company.
2、 Management and use plan of special account funds for exercise
The company’s 2018 stock option and restricted stock incentive plan reserves the second exercise period for granting stock options, and the funds raised during exercise are stored in the special exercise account to supplement the company’s working capital.
3、 Fund arrangement and payment method of individual income tax paid by incentive objects
The funds required by the incentive object to pay individual income tax shall be borne by the incentive object, and the individual income tax to be paid by the incentive object shall be paid by the company on its behalf.
4、 Impact of stock option exercise on the company
1. Impact on the company’s operating ability and financial status
If 9072 exercisable stock options are fully exercised this time, the net assets of the company will increase by 2768956 yuan, including 9072 shares of total share capital; The capital reserve increased by 2.678236 million yuan; At the same time, earnings per share and return on net assets will be diluted. The specific impact data shall be subject to the data audited by accountants. This exercise will not have a significant impact on the company’s operating capacity and financial status.
2. The influence of choosing independent exercise mode on stock option pricing and accounting
The company uses the Black Scholes option pricing model to determine the fair value of stock options on the grant date, and has amortized them during the waiting period of the equity incentive plan. The independent exercise mode adopted this time will not have a material impact on the option valuation method and the company’s financial status and operating results.
3. Impact of this exercise on the company’s equity structure
This exercise will not have a significant impact on the company’s equity structure. After the exercise, the equity distribution of the company still meets the listing conditions.
5、 Description of other matters
1. The company has signed the Citic Securities Company Limited(600030) service agreement on independent exercise of equity incentive options of listed companies with the undertaking broker Citic Securities Company Limited(600030) for this exercise, which clearly stipulates the rights and obligations of all parties. In Citic Securities Company Limited(600030) letter of commitment on independent exercise business of equity incentive, the undertaking securities firm promised that the technical specifications of the independent exercise business system provided to the company and incentive objects fully meet the independent exercise business operation and relevant compliance requirements.
2. The company will disclose the changes of the company’s equity incentive objects, the adjustment of important parameters of stock options, the independent exercise of incentive objects and the changes of the company’s shares in the regular report or interim report.
It is hereby announced
Broadex Technologies Co.Ltd(300548) board of directors December 14, 2021
