Kedali cancels stock options, establishes Hong Kong subsidiary

Shenzhen Kedali Industry Co., Ltd. (SZSE:002850) announced on November 4, 2025, the completion of the cancellation of 189,160 stock options from its 2022 Stock Option Incentive Plan. This action, affecting 48 individuals, involved options that became invalid due to employee departures or deaths, as well as unexercised options from the second and third exercise periods. The company confirmed the cancellation will not impact its share capital.

Additionally, on November 4, 2025, Kedali announced the successful completion of the industrial and commercial registration for its wholly-owned subsidiary in Hong Kong. The new entity, KEDALI (HONG KONG) LIMITED, was registered on October 30, 2025. This follows the board's approval on October 10, 2025, to invest up to HK$300,000 using its own funds to establish the subsidiary. Further domestic approvals for this investment are still pending.