Tianma Technology's 2024 stock option plan sees initial exercise

Fujian Tianma Science & Technology Group's 2024 Stock Option Incentive Plan's first exercise period, spanning from July 9, 2025, to July 8, 2026, saw 808,022 shares exercised by the end of the third quarter of 2025. This represents 20.92% of the 3,863,200 total exercisable stock options for this period, granted at an exercise price of 13.60 yuan per option.

A total of 58 out of 123 eligible participants exercised their options, leading to the registration of new shares. The newly issued 808,022 shares are unrestricted and became tradable on the second trading day following their exercise date. This exercise generated 10,956,778.32 yuan in raised capital, which will be allocated to supplement the company's working capital.

Following this share movement, the company's total unrestricted shares increased to 503,143,763, from 502,335,741. The company confirmed that its actual controlling shareholder remains unchanged. This exercise is not expected to have a material impact on the company's financial condition or operating results.