CATL adjusts share incentive plan, cancels options

Contemporary Amperex Technology (CATL) announced the cancellation of 111,405 unexercised stock options from its 2021 incentive plan due to employee departures. This action was approved by the board and supervisory committee on October 20, 2025, and finalized by China Securities Depository and Clearing Corporation Limited, Shenzhen Branch. The cancellation will not impact the company's capital or the ongoing implementation of the remaining incentive plan.

Concurrently, CATL also completed the fourth vesting period for its 2021 restricted share incentive plan. A total of 300,382 restricted shares are set to list on November 20, 2025. These shares, issued to 212 employees, represent 0.01% of the company's total share capital. The vesting price for these shares, after multiple adjustments due to capital distributions, stands at 156.44 yuan per share.

The vesting process involved a capital injection of 46,991,760.08 yuan from the 212 grantees. The proceeds will be used to supplement the company's working capital. The company’s equity structure is not expected to significantly change, maintaining listing eligibility.