Suzhou Good-Ark cancels stock options tied to 2022 incentive plan

Suzhou Good-Ark Electronics Co., Ltd. completed the cancellation of 226,400 stock options, confirmed by the Shenzhen branch of China Securities Depository and Clearing Corporation Limited on October 15, 2024. This action followed resolutions passed during board meetings on September 29, 2025.

The cancellation addresses two primary situations. Firstly, one reserved grant incentive recipient is no longer eligible due to personal resignation, leading to the cancellation of 28,000 unexercised options. Secondly, the first exercise period for reserved grant stock options under the 2022 incentive plan expired on September 24, 2025, resulting in 198,400 unexercised options becoming ineligible for exercise.

The company stated that this cancellation aligns with relevant regulations, including the "Administrative Measures for Equity Incentives of Listed Companies" and its "2022 Stock Option Incentive Plan (Draft)." The company asserts that this action will not negatively impact the continuation of its incentive plan, its share capital structure, financial performance, or the interests of its shareholders.