Sinotrans completes stock option cancellation, executive share reductions

Sinotrans Co., Ltd. announced the completion of the cancellation of 22,017,286 stock options. This action involved 21,513,086 unexercisable options from the third vesting period and 504,200 unexercised options from the second vesting period. The company confirmed the cancellation aligns with regulatory requirements and its incentive plan.

Concurrently, Sinotrans reported the completion of share reductions by two senior executives. Vice general manager, board secretary, and chief compliance officer Li Shichu sold 128,100 A-shares via centralized bidding for a total of 809,088.00 yuan. Vice general manager Wang Dupeng sold 128,500 A-shares totaling 815,981.00 yuan.

Both executives' share reductions were executed within previously disclosed plans and complied with relevant regulations. Following these transactions, Li Shichu holds 384,434 shares (0.0054% of total share capital), and Wang Dupeng holds 385,634 shares (0.0054% of total share capital).