TBEA completes cancellation of stock options

TBEA Co., Ltd. announced the completion of the cancellation of 87,684,520 stock options. The decision, approved at the company's sixth extraordinary board meeting and third extraordinary supervisory board meeting on June 18, 2025, relates to unfulfilled vesting conditions of the third exercise period for initial grants and the second exercise period for reserved grants under the 2022 stock option incentive plan. The cancellation process was completed on June 27, 2025, following approval from the China Securities Depository and Clearing Corporation Limited Shanghai Branch. TBEA clarified that the cancellation of these stock options will not impact the company's total share capital, and the 2022 stock option incentive plan has now concluded. The announcement was made on June 28, 2025.