| SUMMARY OF COMPENSATION EXPENSE RECOGNIZED FOR SHARE-BASED AWARDS |
Compensation
expense recognized for share-based awards was as follows:
SUMMARY OF COMPENSATION EXPENSE RECOGNIZED FOR SHARE-BASED AWARDS
| | |
2025 | | |
2026 | |
| | |
Six
Months ended June 30, | |
| | |
2025 | | |
2026 | |
| | |
RMB | | |
RMB | |
| | |
(unaudited) | | |
(unaudited) | |
| Share-based compensation expenses | |
| | | |
| | |
| —Share
options(a) | |
| 7,160 | | |
| 6,568 | |
|
| SUMMARY OF STOCK OPTION ACTIVITY |
A
summary of the stock option activity under the 2015 Share Incentive Plan and 2018 Share Incentive Plan for the six months ended June
30, 2025 and 2026 is included in the table below.
SUMMARY OF STOCK OPTION ACTIVITY
| | |
Number
of options | | |
Weighted
average
exercise
price
(US$) | | |
Weighted
average
remaining
contractual
life
(years) | | |
Aggregate
intrinsic
value
(US$) | |
| Outstanding at January 1, 2025 | |
| 24,440,836 | | |
| 0.51 | | |
| 11.43 | | |
| 19,794 | |
| Granted | |
| 780,000 | | |
| 1.68 | | |
| - | | |
| - | |
| Forfeited | |
| (1,671,573 | ) | |
| 0.20 | | |
| - | | |
| - | |
| Exercised | |
| (45,426 | ) | |
| 0.50 | | |
| - | | |
| - | |
| Outstanding at June 30,
2025 | |
| 23,503,837 | | |
| 0.52 | | |
| 10.80 | | |
| 19,475 | |
| | |
| | | |
| | | |
| | | |
| | |
| Outstanding at January 1, 2026 | |
| 25,036,905 | | |
| 0.46 | | |
| 11.73 | | |
| 21,353 | |
| Granted | |
| 1,210,000 | | |
| 0.11 | | |
| - | | |
| - | |
| Forfeited | |
| (3,328,587 | ) | |
| 0.32 | | |
| - | | |
| - | |
| Exercised | |
| (82,998 | ) | |
| 0.11 | | |
| - | | |
| - | |
| Outstanding at June 30,
2026 | |
| 22,835,320 | | |
| 0.46 | | |
| 11.03 | | |
| 18,770 | |
| Exercisable as of June 30, 2026 | |
| 11,179,334 | | |
| 0.81 | | |
| 3.23 | | |
| 12,720 | |
| Expected to vest as of June 30, 2026 | |
| 13,486,116 | | |
| 0.17 | | |
| 17.97 | | |
| 8,036 | |
|