Stock option cancellation completed for electronics company

SHENZHEN ZHAOWEI MACHINERY&ELECTRONIC announced the completion of canceling 7,000 stock options previously granted to one employee under its 2024 Stock Option and Restricted Stock Incentive Plan. The decision was approved at the company's board and shareholder meetings in April and May, respectively, after the employee was no longer eligible due to personal reasons. The cancellation process has been verified by China Securities Depository and Clearing Corporation Limited Shenzhen Branch, with the cancellation finalized on July 8, 2025. The company maintains that this cancellation aligns with relevant laws, regulations, and the incentive plan, and will not materially impact the company's financial standing or business operations, nor will it affect the implementation of the overall incentive plan.