Guangzhou Tinci Materials Technology Co., Ltd. (hereinafter referred to as "the Company") announced that at the second meeting of the fifth board of directors held on March 6, 2026, the proposal regarding the cancellation of certain stock options under the 2024 Stock Option Incentive Plan was approved.
According to the "2024 Stock Option Incentive Plan" and the "2024 Stock Option Incentive Plan Amendment," the Company canceled 235,643 stock options due to the resignation of certain employees. As of March 18, 2026, a total of 1,447,413 stock options remain under the stock option incentive plan.
The cancellation of stock options complies with the relevant regulations of the Company Law and the 2024 Stock Option Incentive Plan. This cancellation will not affect the Company's capital structure.
Special Announcement.
Guangzhou Tinci Materials Technology Co., Ltd. Board of Directors
March 19, 2026