Wingtech approves stock option vesting and cancels unvested options

Wingtech Technology announced its board of directors, during a recent meeting, approved the second vesting period for its 2023 stock option incentive plan. The board confirmed vesting conditions have been met, enabling 24 eligible employees to exercise 232,753 stock options at an exercise price of 38.465 yuan per share. The exercise period runs from August 25, 2025, to August 24, 2026.

Concurrently, the board resolved to cancel 4,453,753 unvested stock options held by 1,486 employees. This cancellation is due to various reasons, including employee departures, subsidiaries no longer being under company control, or individuals no longer qualifying as incentive recipients. These decisions align with the company's 2023 Stock Option Incentive Plan.

The company's performance for 2024, with audited operating revenue of 73.598 bn yuan, representing a 35.86% growth from the 2020-2022 average, satisfied the company-level performance targets. Furthermore, all departmental assessments for 2024 were "qualified," and the 24 eligible individuals achieved an "A" rating in their 2024 individual performance assessments.