East Group cancels 2022 stock option plan entirely

East Group Co., Ltd. has announced the full cancellation of its 2022 stock option incentive plan, as confirmed by the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited on November 10, 2025. This action concludes the company's adjustments to its stock option program without affecting its share capital or capital structure.

Initial adjustments to the 2022 plan were approved on August 29, 2023, by the sixth board of directors and the eighteenth supervisory board. This decision led to the cancellation of 7,503,000 stock options due to the departure of 104 incentive recipients and the failure to meet company-level performance targets for the first exercise period. This reduced the total granted stock options from 16,960,000 to 9,457,000.

Further action was taken on October 27, 2025, when the seventh board of directors and the tenth supervisory board approved the cancellation of all remaining 9,457,000 stock options. This comprehensive cancellation was driven by the failure to achieve company-level performance targets for both the second and third exercise periods, effectively bringing the 2022 stock option incentive plan to a complete close.