Kinwong Electronics completes cancellation of stock options

Shenzhen Kinwong Electronic Co., Ltd. (SSE:603228) announced that it has completed the cancellation of some stock options under its 2024 equity incentive plan. According to the announcement, the company cancelled 145,200 stock options due to the departure of some incentive recipients. The cancellation process was approved at the company's 29th meeting of the 4th Board of Directors and the 19th meeting of the 4th Board of Supervisors on May 26, 2025. The company has completed the cancellation of the aforementioned stock options on June 17, 2025. Kinwong Electronics stated that the cancellation of these stock options will not affect the company's share capital structure or have a material impact on its financial condition and operating results.