GRG Metrology cancels stock options for departing employees

Guangzhou GRG Metrology & Test announced the completion of the cancellation of 110,000 stock options and the repurchase and cancellation of 110,000 restricted shares. These options and shares had been granted but not yet vested or unlocked.

This action affects 13 incentive recipients who are no longer eligible due to their departure from the company. The cancellation process was finalized with the Shenzhen branch of China Securities Depository and Clearing Corporation Limited on December 10, 2025.

The decision was approved by the company's fifth board of directors and fifth board of supervisors on August 27, 2025, and by the 2025 second extraordinary general meeting on September 16, 2025. This aligns with regulations and the company’s own 2023 incentive plan.

The company stated that this cancellation will not impact its total share capital, nor will it adversely affect financial condition or operating results. Confirmed expenses related to the stock options will be reversed in the year of the employees' departure, mitigating future losses. The incentive plan remains on track, and the management team is expected to continue their duties without disruption.