Dun'an Environment cancels 371,134 stock options from 2023 incentive plan

Zhejiang Dun'an Artificial Environment Company Limited (Dun'an Environment) has completed the cancellation of 371,134 stock options under its 2023 restricted stock and stock option incentive plan. The decision, approved on July 28, 2025, follows the departure of two incentive plan participants and 19 others whose annual performance assessment coefficients did not reach 100%. These options were part of the first vesting period but had not yet been exercised.

The company confirmed that the cancellation of these 371,134 stock options was audited and verified by the Shenzhen branch of China Securities Depository and Clearing Corporation Limited. The cancellation aligns with relevant regulations, including the "Administrative Measures for Equity Incentives of Listed Companies" and the company's "Long-term Incentive Plan (Draft) First Phase and 2023 Restricted Stock and Stock Option Incentive Plan."

Dun'an Environment emphasized that the cancellation of these unexercised stock options will not impact the company's share capital structure, the continued implementation of the 2023 incentive plan, or the company's financial condition and operating results. The details of the cancellation were previously disclosed on www.cninfo.com.cn on July 30, 2025.