SF Holding cancels options, grants vesting for 2022 plan

SF Holding [SZSE:002352] announced the cancellation of 313.984 million A-share stock options from its 2022 incentive plan and the vesting of 806.4621 million options as part of the third exercise period for eligible employees. The cancellation was prompted by several factors, including the departure of 67 employees and the failure of 243 employees to meet individual performance targets during the 2024 performance year. Additionally, 125.1208 million options from the second exercise period expired unexercised on May 29, 2025. Concurrent with the cancellation announcement, SF Holding stated that 1,158 eligible participants would be able to exercise their options at a price of CNY 40.199 per share. The board believes that the vesting conditions of the third grant have been met. The vesting impacts core management, directors and key staff, who had to meet certain performance conditions. SF Holding plans to allocate proceeds from the vesting to working capital.