SG Micro to cancel expired stock options, proposes H-share listing

SG Micro Corp. (SZSE:300661) announced resolutions from its fifth board of directors' twelfth meeting on September 19, 2025. These resolutions approved the cancellation of 6,836 unexercised stock options from its 2023 stock option incentive plan. These options, part of the first vesting period, expired on September 12, 2025.

Concurrently, the company held its third extraordinary general meeting of shareholders on September 19, 2025, approving a proposal to issue H-shares and list them on the Hong Kong Stock Exchange. This initiative involved amendments to the company's articles of association and internal governance documents to align with H-share listing requirements.

Shareholders also approved the appointment of Liu Ming as a labor representative director to the fifth board of directors, effective from the general meeting. Liu Ming indirectly holds 43,648 shares, representing 0.0071% of the total share capital. The board structure, with six directors including one labor representative, adheres to regulatory guidelines.