Wingtech Technology adjusts stock option plan, cancels unexercised grants

Wingtech Technology’s 2023 stock option incentive plan's second exercise period conditions have been met. The company’s 2024 net profit growth reached 115% based on 2022, and its 2024 operating revenue growth was 35.86% based on the 2020-2022 average, fulfilling company-level performance targets. The second exercise period, running from August 25, 2025, to August 24, 2026, allows 24 eligible individuals to exercise 232,753 options at an adjusted price of CNY 38.465 per share.

Concurrently, Wingtech Technology will cancel 4,453,753 unexercised stock options from the initial grant. This cancellation affects 1,486 incentive recipients due to reasons such as resignation, the company losing control of their employing subsidiaries, or two individuals no longer being eligible after serving as supervisors. This decision aligns with the company's 2023 stock option incentive plan and the authorization granted by the 2023 first extraordinary general meeting.