Yealink cancels stock options, impacting 0.0016% of equity

Yealink Network Technology announced the completion of the cancellation of granted but unexercised stock options from its 2024 stock option incentive plan. The cancellation affects a total of 1.9936 million stock options, representing approximately 0.0016% of the company's current total share capital. The decision to cancel was made after 3 grantees left the company for personal reasons and another 7 grantees failed to meet 2024 individual performance targets, in accordance with the company's incentive plan. The company confirmed that the cancellation has been processed by China Securities Depository and Clearing Corporation Shenzhen Branch, and would not impact share capital.