SG Micro cancels expired stock options from 2023 incentive plan

SG Micro (Beijing) Co., Ltd. announced on September 19, 2025, the cancellation of 6,836 expired stock options from its 2023 stock option incentive plan. The decision, approved by the fifth board of directors' twelfth meeting, follows the expiration of the first exercise period for the initial grant of stock options on September 12, 2025. These options, part of the 8.2592 million granted to 1,104 individuals with an exercise price of CNY 66.00 per share, were not exercised during their valid period.

The company's board of directors, including the Compensation and Appraisal Committee, determined that the cancellation aligns with regulatory requirements and the company’s incentive plan. SG Micro assured that this action would not materially impact its financial condition, operating results, or the overall implementation of the 2023 stock option incentive plan. The company's management team is expected to continue its work, aiming to create value for shareholders.

The 2023 stock option incentive plan has undergone multiple approvals and registrations, including the initial grant of 8.2592 million options registered on November 8, 2023, and a subsequent grant of 2.0648 million reserved options on October 24, 2024, with an exercise price of CNY 58.00 per share. Several previous cancellations of stock options and restricted shares have also been completed between 2024 and 2025.