Ding Holding Announces Subsidiary Chaoyang Electronics Resolution to Issue Employee Stock Options
Ding Holding announced that its subsidiary, Chaoyang Electronics Co., Ltd.,'s board of directors has resolved to issue employee stock options totaling 3,750,000 units, with each unit exercisable for one ordinary share.
📋 Article Processing Timeline
- 📰 Published: April 20, 2026 at 09:00
- 🔍 Collected: April 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 21, 2026 at 08:11 (11 min after Collected)
1. Board resolution date: 115/04/20
2. Issuance period: This incentive plan can be implemented after approval by the company's shareholder meeting. The company will grant stock options and complete related procedures within 60 days (calculated from the date conditions are met for those with vested rights).
3. Eligibility criteria for option holders:
Company directors, senior management, and core technical (business) personnel, but excluding independent directors, shareholders who individually or collectively hold 5% or more of the shares, actual controllers, and their spouses, parents, and children.
4. Total number of employee stock options to be issued: 3,750,000 units
5. Number of shares per option unit: 1 ordinary share
6. Total number of new shares to be issued or shares to be repurchased according to Article 28-2 of the Securities Transaction Act due to option exercise: 3,750,000 ordinary shares to be issued due to option exercise.
7. Exercise price:
Not less than the par value of the stock, and not less than the higher of the following:
(1) The average trading price of the company's stock on the trading day prior to the announcement of this incentive plan.
(2) The average trading price of the company's stock over the 60 trading days prior to the announcement of this incentive plan.
8. Option exercise period:
The stock option incentive plan's validity period starts from the date of the first grant of stock options until the date all granted stock options are exercised or cancelled, not exceeding 72 months. Within the exercisable period, if the conditions stipulated in this plan are met, the exercise arrangement for the first granted stock options is as follows:
First exercise period: From the first trading day 12 months after the initial grant date to the last trading day within 24 months after the initial grant date, with an exercise ratio of 25%.
Second exercise period: From the first trading day 24 months after the initial grant date to the last trading day within 36 months after the initial grant date, with an exercise ratio of 25%.
Third exercise period: From the first trading day 36 months after the initial grant date to the last trading day within 48 months after the initial grant date, with an exercise ratio of 25%.
Fourth exercise period: From the first trading day 48 months after the initial grant date to the last trading day within 60 months after the initial grant date, with an exercise ratio of 25%.
Stock options that do not meet exercise conditions within the agreed period cannot be exercised or will be deferred to the next period. The company will cancel the corresponding unexercised stock options of the incentive recipients in accordance with the principles stipulated in this incentive plan.
9. Type of shares to be subscribed: Company's A-share ordinary stock.
10. Handling of employee resignation or inheritance:
(1) In case of resignation due to resignation or company downsizing, exercised shares will be handled according to the procedures stipulated in the incentive plan before resignation. Personal income tax related to exercised shares must be paid to the company before resignation. From the date of resignation, unexercised stock options granted to the incentive recipient cannot be exercised and will be cancelled by the company.
(2) In case of resignation due to retirement, exercised shares will be handled according to the procedures stipulated in the incentive plan before retirement. From the date of resignation, unexercised stock options granted to the incentive recipient cannot be exercised and will be cancelled by the company.
(3) In case of resignation due to occupational injury causing loss of labor capacity, exercised shares will be handled according to the procedures stipulated in the incentive plan before loss of labor capacity. Personal income tax related to exercised shares must be paid to the company before resignation. From the date of resignation, unexercised stock options granted to the incentive recipient cannot be exercised and will be cancelled by the company.
(4) In case of resignation due to loss of labor capacity not caused by occupational injury, exercised shares will be handled according to the procedures stipulated in the incentive plan before loss of labor capacity. Personal income tax related to exercised shares must be paid to the company before resignation. From the date of resignation, unexercised stock options granted to the incentive recipient cannot be exercised and will be cancelled by the company.
(5) In case of death during duty, exercised shares will be handled according to the procedures stipulated in the incentive plan before death. Granted stock options that have entered the exercise period will be inherited by the heirs and exercised according to the procedures stipulated in the incentive plan before the incentive recipient's death. Personal performance appraisal conditions will no longer be considered exercise conditions. Heirs must pay personal income tax related to exercised shares to the company before inheritance and should also pay personal income tax for the currently exercised stock options when exercising subsequently. Granted but not yet exercisable stock options cannot be exercised and will be cancelled by the company.
(6) If an employee works in a subsidiary of the company, and the company loses control of that subsidiary, and the employee does not remain with the company or other subsidiaries, exercised shares will be handled according to the procedures stipulated in the incentive plan before the change of control. Granted but not yet exercisable stock options cannot be exercised and will be cancelled by the company.
(7) If an employee's status changes to one that legally prohibits participation in equity incentives of a listed company, exercised shares will be handled according to the procedures stipulated in the incentive plan before the status change. Granted but not yet exercisable stock options cannot be exercised and will be cancelled by the company.
(8) In other unspecified circumstances, the granted stock options will be determined by the board's Remuneration and Compensation Committee, which will also decide on their handling.
11. Other subscription conditions:
(1) Company performance assessment targets:
This incentive plan assesses the company's operating performance annually. Assessments are conducted each fiscal year, and achieving the performance assessment targets serves as one of the exercise conditions for the incentive recipient for that year.
Exercise period | Performance assessment target
First exercise period | Weighted average return on equity for fiscal year 2026 not less than 10%
Second exercise period | Weighted average return on equity for fiscal year 2027 not less than 25%
Third exercise period | Weighted average return on equity for fiscal year 2028 not less than 25%
Fourth exercise period | Weighted average return on equity for fiscal year 2029 not less than 25%
(2) Individual performance assessment targets:
Divided into four levels: A+, A, B, and C, based on individual performance appraisal results, with exercisable proportions of 100%, 100% respectively.
2. Issuance period: This incentive plan can be implemented after approval by the company's shareholder meeting. The company will grant stock options and complete related procedures within 60 days (calculated from the date conditions are met for those with vested rights).
3. Eligibility criteria for option holders:
Company directors, senior management, and core technical (business) personnel, but excluding independent directors, shareholders who individually or collectively hold 5% or more of the shares, actual controllers, and their spouses, parents, and children.
4. Total number of employee stock options to be issued: 3,750,000 units
5. Number of shares per option unit: 1 ordinary share
6. Total number of new shares to be issued or shares to be repurchased according to Article 28-2 of the Securities Transaction Act due to option exercise: 3,750,000 ordinary shares to be issued due to option exercise.
7. Exercise price:
Not less than the par value of the stock, and not less than the higher of the following:
(1) The average trading price of the company's stock on the trading day prior to the announcement of this incentive plan.
(2) The average trading price of the company's stock over the 60 trading days prior to the announcement of this incentive plan.
8. Option exercise period:
The stock option incentive plan's validity period starts from the date of the first grant of stock options until the date all granted stock options are exercised or cancelled, not exceeding 72 months. Within the exercisable period, if the conditions stipulated in this plan are met, the exercise arrangement for the first granted stock options is as follows:
First exercise period: From the first trading day 12 months after the initial grant date to the last trading day within 24 months after the initial grant date, with an exercise ratio of 25%.
Second exercise period: From the first trading day 24 months after the initial grant date to the last trading day within 36 months after the initial grant date, with an exercise ratio of 25%.
Third exercise period: From the first trading day 36 months after the initial grant date to the last trading day within 48 months after the initial grant date, with an exercise ratio of 25%.
Fourth exercise period: From the first trading day 48 months after the initial grant date to the last trading day within 60 months after the initial grant date, with an exercise ratio of 25%.
Stock options that do not meet exercise conditions within the agreed period cannot be exercised or will be deferred to the next period. The company will cancel the corresponding unexercised stock options of the incentive recipients in accordance with the principles stipulated in this incentive plan.
9. Type of shares to be subscribed: Company's A-share ordinary stock.
10. Handling of employee resignation or inheritance:
(1) In case of resignation due to resignation or company downsizing, exercised shares will be handled according to the procedures stipulated in the incentive plan before resignation. Personal income tax related to exercised shares must be paid to the company before resignation. From the date of resignation, unexercised stock options granted to the incentive recipient cannot be exercised and will be cancelled by the company.
(2) In case of resignation due to retirement, exercised shares will be handled according to the procedures stipulated in the incentive plan before retirement. From the date of resignation, unexercised stock options granted to the incentive recipient cannot be exercised and will be cancelled by the company.
(3) In case of resignation due to occupational injury causing loss of labor capacity, exercised shares will be handled according to the procedures stipulated in the incentive plan before loss of labor capacity. Personal income tax related to exercised shares must be paid to the company before resignation. From the date of resignation, unexercised stock options granted to the incentive recipient cannot be exercised and will be cancelled by the company.
(4) In case of resignation due to loss of labor capacity not caused by occupational injury, exercised shares will be handled according to the procedures stipulated in the incentive plan before loss of labor capacity. Personal income tax related to exercised shares must be paid to the company before resignation. From the date of resignation, unexercised stock options granted to the incentive recipient cannot be exercised and will be cancelled by the company.
(5) In case of death during duty, exercised shares will be handled according to the procedures stipulated in the incentive plan before death. Granted stock options that have entered the exercise period will be inherited by the heirs and exercised according to the procedures stipulated in the incentive plan before the incentive recipient's death. Personal performance appraisal conditions will no longer be considered exercise conditions. Heirs must pay personal income tax related to exercised shares to the company before inheritance and should also pay personal income tax for the currently exercised stock options when exercising subsequently. Granted but not yet exercisable stock options cannot be exercised and will be cancelled by the company.
(6) If an employee works in a subsidiary of the company, and the company loses control of that subsidiary, and the employee does not remain with the company or other subsidiaries, exercised shares will be handled according to the procedures stipulated in the incentive plan before the change of control. Granted but not yet exercisable stock options cannot be exercised and will be cancelled by the company.
(7) If an employee's status changes to one that legally prohibits participation in equity incentives of a listed company, exercised shares will be handled according to the procedures stipulated in the incentive plan before the status change. Granted but not yet exercisable stock options cannot be exercised and will be cancelled by the company.
(8) In other unspecified circumstances, the granted stock options will be determined by the board's Remuneration and Compensation Committee, which will also decide on their handling.
11. Other subscription conditions:
(1) Company performance assessment targets:
This incentive plan assesses the company's operating performance annually. Assessments are conducted each fiscal year, and achieving the performance assessment targets serves as one of the exercise conditions for the incentive recipient for that year.
Exercise period | Performance assessment target
First exercise period | Weighted average return on equity for fiscal year 2026 not less than 10%
Second exercise period | Weighted average return on equity for fiscal year 2027 not less than 25%
Third exercise period | Weighted average return on equity for fiscal year 2028 not less than 25%
Fourth exercise period | Weighted average return on equity for fiscal year 2029 not less than 25%
(2) Individual performance assessment targets:
Divided into four levels: A+, A, B, and C, based on individual performance appraisal results, with exercisable proportions of 100%, 100% respectively.