Broad Ocean Motor seeks H-share listing, adjusts equity incentive plans

Zhongshan Broad Ocean Motor has applied to the Stock Exchange of Hong Kong Limited for the issuance and listing of its H shares, with application materials published on September 22, 2025. This move is subject to approvals from the China Securities Regulatory Commission, the Hong Kong Securities and Futures Commission, and other regulatory bodies, with investors cautioned about potential risks and uncertainties.

Concurrently, the company announced the cancellation of 1,778,448 stock options from its 2023 incentive plan due to unexercised options at the end of the first exercise period, and the departure or performance results of 88 incentive recipients. Similarly, 879,461 stock options from the 2022 plan were canceled for the same reasons, involving 70 incentive recipients.

These cancellations were completed by September 19, 2025, according to approvals from the China Securities Depository and Clearing Corporation Limited Shenzhen Branch. The company states these adjustments will not materially impact its capital structure, financial condition, or the overall continuity of the incentive plans.