Announcement on Adjusting the Exercise Price of the 2025 Stock Option Incentive Plan and Canceling Some Stock Options
Huizhou Desay SV Automotive Electronics Co., Ltd.
Securities Code: 002920
Securities Abbreviation: Desay SV
Announcement No.: 2026-030
The company and all members of the board of directors guarantee that the content of this announcement is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
Huizhou Desay SV Automotive Electronics Co., Ltd. (hereinafter referred to as "the Company") held the 20th meeting of the fourth board of directors on June 3, 2026, to review and approve the proposal on adjusting the exercise price of the 2025 stock option incentive plan and canceling some stock options. The relevant content is announced as follows:
I. Approval Procedures and Information Disclosure for the Incentive Plan
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On May 23, 2025, the Company held the 10th meeting of the fourth board of directors, which reviewed and approved the proposals regarding the draft of the "2025 Stock Option Incentive Plan" and its summary, the implementation assessment management measures, and the authorization for the board of directors to handle matters related to the 2025 stock option incentive plan. On the same day, the Company held the 10th meeting of the fourth supervisory board, which reviewed and approved the same proposals and verified the list of incentive objects. The supervisory board conducted a review of the relevant matters of this incentive plan and issued a review opinion.
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From May 24 to June 2, 2025, the Company publicly disclosed the names and positions of the proposed incentive objects on its internal website. By the end of the disclosure period, the supervisory board had not received any objections from employees regarding the proposed incentive objects. On June 5, 2025, the Company disclosed the "Supervisory Board's Explanation and Review Opinion on the Public Disclosure of the List of Incentive Objects for the 2025 Stock Option Incentive Plan."
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On June 9, 2025, the Company held the second extraordinary general meeting of shareholders in 2025, which reviewed and approved the proposals regarding the draft of the "2025 Stock Option Incentive Plan" and its summary, the implementation assessment management measures, and the authorization for the board of directors to handle matters related to the 2025 stock option incentive plan. The 2025 stock option incentive plan was approved by the extraordinary general meeting, and the board of directors was authorized to handle related matters. On the same day, the Company disclosed the "Self-Inspection Report on the Trading of Company Shares by Insiders of the 2025 Stock Option Incentive Plan."