Shenzhen XinGuduo Co., Ltd. Announcement on the Adjustment of the Exercise Price of Granted Stock Options under the 2025 Stock Option Incentive Plan
The company and all members of its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions.
Shenzhen XinGuduo Co., Ltd. (hereinafter referred to as the "Company") held its 2025 Annual Shareholders' Meeting on June 22, 2026, and deliberated and passed the "Proposal on the 2025 Profit Distribution Plan and the 2026 Mid-Year Cash Dividend Plan." On the same day, the Seventh Board of Directors held its first meeting and deliberated and passed the "Proposal on Adjusting the Exercise Price of Stock Options Granted under the 2025 Stock Option Incentive Plan." In accordance with the relevant provisions of the "Shenzhen XinGuduo Co., Ltd. 2025 Stock Option Incentive Plan (Draft)," the exercise price of the stock options should be adjusted accordingly. The relevant matters are hereby announced as follows:
I. Overview of the Company's 2025 Stock Option Incentive Plan
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On May 27, 2025, the Company held the 17th meeting of the Sixth Board of Directors and the 14th meeting of the Sixth Supervisory Board, and deliberated and passed the "Proposal on the Draft and Summary of the 2025 Stock Option Incentive Plan," the "Proposal on the Performance Assessment Methods for the Implementation of the 2025 Stock Option Incentive Plan," and the "Proposal to Authorize the Board of Directors to Handle Matters Related to the 2025 Stock Option Incentive Plan by the Shareholders' Meeting." The Company's Supervisory Board verified the list of incentive recipients for the 2025 Stock Option Incentive Plan and issued its verification opinion.
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From May 28, 2025, to June 11, 2025, the Company publicly posted the list of incentive recipients for this incentive plan within the company. On June 12, 2025, the "Supervisory Board's Verification Opinion and Public Announcement Status Report on the List of Incentive Recipients for the 2025 Stock Option Incentive Plan" was disclosed on the Juchao Information Network.
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On June 17, 2025, the Company held its 2024 Annual Shareholders' Meeting and deliberated and passed the "Proposal on the Draft and Summary of the 2025 Stock Option Incentive Plan," the "Proposal on the Performance Assessment Methods for the Implementation of the 2025 Stock Option Incentive Plan," and the "Proposal to Authorize the Board of Directors to Handle Matters Related to the 2025 Stock Option Incentive Plan by the Shareholders' Meeting."
The Company conducted an internal investigation into the situation of insiders and incentive recipients of the 2025 Stock Option Incentive Plan trading the Company's shares within the six months prior to the initial disclosure of the stock option incentive plan (i.e., from November 27, 2024, to May 27, 2025), and disclosed the "Self-Inspection Report on Trading of Company Shares by Insiders and Incentive Recipients of the 2025 Stock Option Incentive Plan" on the Juchao Information Network.