On June 22, 2026, the 25th meeting of the Sixth Board of Directors of the company deliberated and approved the "Proposal on Adjusting the Exercise Quantity of the 2025 Stock Option Incentive Plan and Cancelling Part of the Stock Options." Authorized by the company's 2025 Second Extraordinary General Meeting of Shareholders, and in accordance with the "Administrative Measures for Equity Incentives for Listed Companies," the "2025 Stock Option Incentive Plan (Draft)," and relevant regulations, the company will cancel all stock options granted but not yet exercised by 147 departing incentive recipients, and all or part of the stock options granted but not yet exercised by 9 incentive recipients who did not meet the 2025 performance assessment targets (the cancellation ratio will be determined based on performance assessment results). A total of 5,360,400 stock options are proposed for cancellation. The list of personnel for the proposed cancellation of stock options is as follows:
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2025 Stock Option Incentive Plan First Grant Portion: Number of Stock Options to be Cancelled and List of Personnel
✨ AI Summary
This announcement details the cancellation of 5,360,400 stock options from the 2025 incentive plan. The cancellations are due to 147 individuals leaving the company and 9 individuals failing to meet performance targets. This action aligns with the company's authorization from the board and shareholders.
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