Securities Code: 002426 Securities Abbreviation: Victory Precision Announcement No.: 2026-011 Suzhou Victory Precision Manufacturing Technology Co., Ltd. Announcement on the Cancellation of Part of the Stock Options under the 2023 Stock Option Incentive Plan
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
Suzhou Victory Precision Manufacturing Technology Co., Ltd. (hereinafter referred to as the "Company" or "Victory Precision") held the 21st meeting of the Sixth Board of Directors on April 24, 2026, which reviewed and approved the "Proposal on Cancelling Part of the Stock Options under the 2023 Stock Option Incentive Plan."
According to the "2023 Stock Option Incentive Plan (Draft) (Updated)" (hereinafter referred to as the "Incentive Plan" or "this Incentive Plan"), the "2023 Stock Option Incentive Plan Performance Management Measures" (hereinafter referred to as the "Performance Management Measures"), and the authorization from the Company's 2023 Third Extraordinary General Meeting of Shareholders, due to some incentive recipients leaving the company and the company-level performance targets for 2025 not being met for exercise conditions, a total of 24,655,162 stock options will be cancelled.
As authorized by the Company's 2023 Third Extraordinary General Meeting of Shareholders, the aforementioned cancellation matter falls within the scope of authorization granted by the shareholders' meeting to the Board of Directors and does not require submission to the shareholders' meeting for review. The relevant situation is hereby announced as follows: