Megmeet completes cancellation of stock options

Shenzhen Megmeet Electrical (SZSE:002851) announced that it has completed the cancellation of a portion of the stock options granted under its 2022 Stock Option Incentive Plan. The decision was made at the 18th meeting of the 5th Board of Directors and the 17th meeting of the 5th Board of Supervisors, and was approved. The total number of stock options canceled is 163,701, involving 15 individuals. The cancellation has been approved by China Securities Depository and Clearing Corporation Limited Shenzhen Branch. The company states that the cancellation of these unexercised stock options will not impact its share capital. The action complies with relevant regulations and will not harm the interests of the company or its shareholders.