Mesnac announces third stock option exercise period for 2022 incentive plan

Mesnac Co., Ltd. has announced that the third exercise period for its 2022 stock option and restricted stock incentive plan will adopt a self-exercising model. The company's board believes that the exercise conditions have been met. This period, from October 24, 2025, to August 21, 2026, allows 240 eligible incentive recipients to exercise a total of 6,843,150 stock options. These options represent 0.6711% of the company's current total share capital, with an exercise price of yuan 5.874 per share.

The company confirmed that the self-exercise has been approved by the Shenzhen Stock Exchange, and relevant registration work has been completed with China Securities Depository and Clearing Corporation Limited, Shenzhen Branch. The exercise will proceed via the securities trading systems of entrusted brokers.

Upon full exercise, Mesnac’s total share capital is projected to increase from 1,019,726,423 shares to 1,026,569,573 shares. This increase is not expected to significantly impact the company's equity structure, and Mesnac will continue to meet all listing requirements. Funds raised from the exercise will be used to supplement the company's working capital.