On March 6, 2026, Guangzhou Tinci Materials Technology Co., Ltd. (hereinafter referred to as "the Company") held its sixth meeting of the fourth board of directors, which approved the proposal regarding the adjustment of the exercise price of the 2024 stock option incentive plan.
- Background and Approval Status
(1) On December 11, 2024, the Company’s sixth board of directors held its 14th meeting, which approved the "2024 Stock Option Incentive Plan (Draft)" and the relevant proposal regarding the adjustment of the exercise price of the stock options. The board of directors also approved the proposal regarding the adjustment of the exercise price of the stock options at the 15th meeting of the sixth board of directors held on December 30, 2024.
(2) From December 13, 2024, to December 22, 2024, the Company will publicly disclose the adjustment of the exercise price of the stock options. The Company will provide explanations regarding the adjustment of the exercise price of the stock options on December 24, 2024, on the official website (http://www.cninfo.com.cn).
(3) On May 30, 2024, the Company held its second extraordinary general meeting of 2024, which approved the "2024 Stock Option Incentive Plan (Draft)" and the relevant proposal regarding the adjustment of the exercise price of the stock options.
- Adjustment Results
On December 30, 2024, the Company’s sixth board of directors held its 15th meeting, which approved the proposal regarding the adjustment of the exercise price of the stock options. The adjustment results are as follows: