Sunwoda cancels stock options following employee departures

Sunwoda Electronic Co., Ltd. announced on September 8, 2025, the completion of the cancellation of certain stock options under its 2022 Restricted Stock and Stock Option Incentive Plan. This action followed the approval by the company's Sixth Board of Directors' Nineteenth Meeting and Sixth Board of Supervisors' Nineteenth Meeting on August 26, 2025. The decision was prompted by the departure of 38 incentive recipients, leading to the cancellation of 248,800 stock options.

The detailed content regarding the cancellation was previously disclosed by Sunwoda on August 28, 2025, on cninfo.com.cn.

The Shenzhen Branch of China Securities Depository and Clearing Corporation Limited confirmed the cancellation of these stock options has been fully processed as of September 8, 2025. Sunwoda Electronic stated that this cancellation does not affect the company's share capital, and its share capital structure remains unchanged.