Ganfeng Lithium completes cancellation of stock options

Jiangxi Ganfeng Lithium Group Co., Ltd. (Ganfeng Lithium) announced the completion of the cancellation of 1,317,750 stock options. This decision, approved by the board and supervisory committee on September 25, 2025, primarily affects the company's 2022 stock option incentive plan.

The cancellation stems from three main reasons: 143,500 options from seven employees who departed the company, 623,000 options from the second vesting period of the 2022 plan that went unexercised, and 551,250 options from the third vesting period due to the company not meeting its performance targets.

The company confirmed that the cancellation, which concluded on October 13, 2025, after being verified by China Securities Depository and Clearing Corporation Limited, will not affect its financial condition, operating results, or share capital structure.