Tianma Technology stock option exercise halted by broker system migration

Fujian Tianma Science & Technology Group has announced a temporary restriction on the exercise period for its 2024 stock option incentive plan, citing a system migration by its lead broker. Guotai Haitong Securities will undergo a corporate and business migration from September 12 to September 15, 2025.

During this period, the Shanghai Stock Exchange's equity incentive self-exercise service will be suspended for former Haitong Securities clients.

Consequently, the company's 2024 stock option incentive plan, currently in its first exercise period, will be impacted. The actual exercise period, originally scheduled from July 9, 2025, to July 8, 2026, will be subject to a restricted exercise period from September 12, 2025, to September 15, 2025.

During this specific four-day window, all incentive recipients will be restricted from exercising their stock options. The company will proceed with necessary applications to the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to manage the restricted exercise period in accordance with relevant regulations.