SF Holding adjusts stock option exercise price after dividend

SF Holding adjusted the exercise price for its 2022 A-share stock option incentive plan from 39.761 yuan per share to 39.301 yuan per share. This decision, approved by the sixth board of directors on September 16, 2025, follows the company’s 2025 interim A-share equity distribution plan.

The equity distribution involved a cash dividend of 4.6 yuan (tax inclusive) for every 10 shares, based on 4,798,236,659 A-shares after deducting repurchased shares. This adjustment aligns with the 2022 stock option incentive plan, which mandates price revisions for capital reserve transfers, stock dividends, share splits, rights issues, share reductions, or cash dividends. The per-share cash dividend for calculating the post-ex-dividend price was 0.4598864 yuan.

Both the board of directors and the supervisory committee concluded that the adjustment procedure complied with relevant administrative measures and the company's 2022 Stock Option Incentive Plan. Shanghai Chengming & Zhengzheng Law Firm also affirmed that the adjustment process received the necessary approvals and authorizations, conforming to relevant laws and regulations.