Shenzhen Kaifa Technology approves stock option exercises and cancellations

Shenzhen Kaifa Technology (SZSE:000021) announced that its board of directors and supervisory committee convened on September 22, 2025, to approve key resolutions concerning its 2022 stock option incentive plan. The first exercise period for the pre-granted stock options has achieved its conditions, allowing 57 incentive recipients to exercise 2,350,722 stock options at an exercise price of 17.07 yuan per share. These options constitute 0.1496% of the company’s total share capital and will be exercised autonomously.

The company also approved the cancellation of pre-granted stock options. A total of 13 incentive recipients, no longer eligible due to departure, had 1,515,500 stock options canceled. This included 1,091,000 options previously announced on June 27, 2025, with an additional 424,500 options from the remaining 2 departed recipients now canceled. Furthermore, two recipients with a "C" performance rating for the first exercise period had 16,038 stock options canceled, as their corresponding exercise ratio was 0.8. In total, 440,538 stock options were canceled due to these reasons.