Streamax Technology cancels stock options for departed employees

Shenzhen Streamax Technology Co., Ltd. announced the cancellation of 39,000 stock options under its 2022 stock option incentive plan. This action follows board approvals on July 14, 2025, and October 22, 2025, citing the departure of six key personnel who were part of the initial grant and a subsequent pre-grant of options.

Specifically, 30,000 stock options granted to four individuals and 9,000 stock options from the first tranche of the pre-grant to two individuals were canceled because these employees no longer met the eligibility criteria after leaving the company. The cancellation, recently confirmed by China Securities Depository and Clearing Corporation Limited Shenzhen Branch, aligns with the “Administrative Measures for Equity Incentives of Listed Companies” and the company’s own revised 2022 stock option incentive plan.

Streamax Technology stated that the cancellation will not impact its capital structure or harm the interests of shareholders. With the completion of this cancellation, the company anticipates that the 2022 stock option incentive plan will be fully implemented once the remaining third vesting period for the initial grant, and the third and second vesting periods for the first and second tranches of the pre-grant respectively, are exercised.