Suzhou Good-Ark cancels 410,300 unexercised stock options

Suzhou Good-Ark Electronics Co., Ltd. announced on November 5, 2025, the completion of the cancellation of 410,300 unexercised stock options. This action follows the expiration of the second exercise period for the initial grant of stock options under its 2022 Stock Option Incentive Plan, which concluded on October 27, 2025. The decision to cancel these options was approved at board and supervisory board meetings on October 28, 2025.

The company confirmed on November 4, 2025, that the cancellation process was verified and completed by the Shenzhen branch of China Securities Depository and Clearing Corporation Limited. Details of the resolution were previously published on cninfo.com.cn on October 30, 2025.

This cancellation aligns with relevant regulations and is deemed legally compliant and effective. Suzhou Good-Ark Electronics stated that this action will not negatively impact the company's capital structure, financial condition, operating performance, or the interests of the company and its shareholders, ensuring the continued implementation of its incentive plan.