Ninestar posts Q3 loss of CNY367m, cancels expired stock options

Ninestar Corporation's board of directors, at its meeting on October 30, 2025, approved the 2025 Third Quarterly Report and the cancellation of unexercised stock options from the 2019 Stock Option Incentive Plan. The Q3 report indicated a net profit of -CNY367,114,988.54, a decrease of -127.93% year-over-year, and total operating revenue of CNY14,504,275,147.59, a decrease of -25.21% compared to the previous year. The company's total assets stood at CNY17,551,746,510.60, a -53.01% decrease from the end of last year.

The board also decided to cancel 2,977,192 unexercised stock options from the 2019 Stock Option Incentive Plan. These options, from the third vesting period of the reserved grant, expired on September 16, 2025. This decision aligns with the original incentive plan's terms, which state that unexercised options at the end of their vesting period will be canceled. This cancellation will not affect the company's total share capital or its financial and operational performance.

The 2025 Third Quarterly Report was also reviewed and approved by the company's audit committee. The cancellation of the stock options ensures compliance with relevant regulations and the company's articles of association.