SG Micro cancels employee stock options after departures and expiry

SG Micro (Beijing) Co., Ltd. announced the completion of the cancellation of certain stock options. The company's Fifth Board of Directors' Eleventh Meeting on August 28, 2025, approved the cancellation of stock options and forfeiture of restricted shares. This included 32,651 stock options from seven incentive recipients who resigned for personal reasons, making them ineligible. Additionally, 1,872 stock options from three incentive recipients, who achieved "qualified" performance but did not meet exercise conditions, were also canceled.

Further cancellations were approved at the Fifth Board of Directors' Twelfth Meeting on September 19, 2025. This involved 6,836 unexercised stock options from the first exercise period of the 2023 Stock Option Incentive Plan, which expired on September 12, 2025.

The China Securities Depository and Clearing Corporation Limited Shenzhen Branch confirmed the cancellation of these stock options on October 14, 2025. SG Micro stated that these cancellations would not impact the company's total share capital.