Beijing Compass cancels stock options for departing employees

Beijing Compass Technology Development Co., Ltd. has announced the cancellation of partial stock options under its 2023 and 2025 stock option incentive plans. This decision, approved by the board of directors and an independent board meeting on October 24, 2025, follows the departure of nine incentive participants. Shanghai Rongzheng Enterprise Consulting Services (Group) Co., Ltd. and Beijing Grandway Law Offices have issued independent financial and legal opinions, respectively, confirming the compliance of these cancellations with relevant regulations.

Specifically, five participants from the 2023 incentive plan and four from the 2025 plan have resigned, rendering their unexercised stock options invalid. Consequently, 370,475 options from the 2023 plan and 184,150 options from the 2025 plan, totaling 554,625 options, will be canceled. The company confirmed these cancellations will not materially affect its financial position, operational performance, or the stability of its management team, and will not harm the interests of the company or its shareholders.

The relevant incentive plans underwent various approvals between November 2023 and April 2025. Adjustments to exercise prices and quantities were also made in March 2025 due to a 2024 annual equity distribution, modifying the 2023 plan’s exercise price from yuan 59.20 to yuan 40.828 per share and the 2025 plan’s from yuan 91.75 to yuan 63.276 per share.