Haid Group completes cancellation of stock options

Guangdong Haid Group (SZSE:002311) announced the completion of the cancellation of certain stock options related to its 2021 and 2024 stock option incentive plans. Specifically, 9,719,550 stock options from the 2021 plan were canceled due to unmet performance conditions for the fourth vesting period and the third reserved grant vesting period. Additionally, 467,490 stock options from the 2021 plan were canceled due to employee departures. Furthermore, 16,191,090 stock options from the 2024 plan were canceled as the vesting conditions were unmet for the first vesting period, and 771,205 stock options were canceled due to employee departures. The cancellation process was completed through the Shenzhen branch of China Securities Depository and Clearing Corporation. The company stated that the cancellation aligns with relevant regulations and will not significantly impact the company's financial condition or operations.