Ganfeng Lithium cancels remaining 2021 stock options

Ganfeng Lithium (SZSE:002460) announced the cancellation of the remaining stock options under its 2021 stock option incentive plan, according to a filing with the Shenzhen Stock Exchange. The decision was made at the company's sixth board and supervisory meetings on June 11, 2025. The cancellation affects 5,162,150 options that expired without being exercised and another 5,162,150 options that were not exercisable due to the company's failure to meet performance targets for the fourth exercise period. With this cancellation, there are no remaining options outstanding under the 2021 plan. Ganfeng Lithium stated that the move aligns with regulatory requirements and will not impact its financial condition or operating results. The company's supervisory board has confirmed that all procedures were followed correctly and that the cancellation will not harm the interests of the company or its shareholders. The company's legal counsel has also affirmed the legality of the cancellation, pending completion of necessary procedures.