Guoxuan High-Tech cancels two stock option plans

Guoxuan High-Tech has completed the cancellation of 3.43903 million stock options from its 2022 stock option incentive plan, initially granted for the first time. This decision, approved by the board on August 28, 2025, follows the failure to meet 2024 company-level and individual performance targets, employee departures, and the expiration of the second exercise period. The affected options were held by 1,477 incentive participants.

Additionally, the company also completed the cancellation of 216,300 stock options from its 2021 stock option incentive plan, impacting 39 participants. This cancellation was similarly approved on August 28, 2025, due to employee departures and unachieved 2023 individual performance targets.

Both cancellations align with the "Administrative Measures for Equity Incentive Plans of Listed Companies" and the company's respective incentive plans. Guoxuan High-Tech stated that these actions are compliant, lawful, and will not materially impact the company's equity structure, financial condition, operating results, or the interests of its shareholders.