Ninestar cancels nearly 3m unexercised stock options from 2019 plan

Ninestar Corporation announced the completion of the cancellation of 2,977,192 unexercised stock options. These options were part of the reserved grant portion of the company's 2019 stock option incentive plan and had reached their third exercise period expiry without being exercised.

The decision to cancel these options was approved at the eighth board of directors' third meeting held on October 30, 2025. This action aligns with relevant laws and regulations, including the "Administrative Measures for Equity Incentives of Listed Companies" and the "Self-Regulatory Guidelines No. 1 for Listed Companies of Shenzhen Stock Exchange - Business Handling," as well as the "2019 Stock Option Incentive Plan (Draft)."

Ninestar confirmed that the cancellation process was legal, effective, and compliant with established procedures. The company stated that this cancellation would not impact its ongoing operations or harm the interests of the company or its shareholders. As of the announcement date, Ninestar has completed the cancellation procedures with China Securities Depository and Clearing Corporation Limited Shenzhen Branch.