East Group revises business scope, cancels stock options, boosts shareholder value

East Group's Q3 2025 report shows a 16.62% increase in operating revenue to 793,941,658.37 yuan, while net profit attributable to shareholders decreased by 89.32% to 8,692,013.94 yuan. The company will adjust its business scope, removing "recycled resource recovery, processing, and sales," and update its articles of association and internal governance. These updates include revised management regulations for foreign exchange hedging, investment, fundraising, and external guarantees, reflecting a commitment to enhanced compliance and risk management.

Additionally, the company is canceling 9.457 million stock options from its 2022 Stock Option Incentive Plan. This cancellation is due to the failure of performance targets for the second and third vesting periods, as net profit growth rates for 2023 and 2024 did not meet the required 15% and 20%, respectively. The cancellation affects all participants for these periods.

The company also announced the completion of its share repurchase program, buying back 32,073,560 shares for a total of 106,950,611 yuan. This includes shares for maintaining company value and for employee stock ownership and equity incentive plans. This action reflects the company's efforts to enhance shareholder value despite the performance target shortfalls.